This compound is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. It is particularly valuable in the synthesis of chiral molecules due to its structure, which can influence stereochemistry in reactions. Additionally, it finds application in the development of fragrances and flavoring agents, where its unique chemical properties contribute to the creation of specific aromatic profiles. In research, it is often employed as a building block for the study of reaction mechanisms and the development of novel synthetic pathways.