Used as a chiral building block in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. Its stereochemistry makes it valuable for asymmetric synthesis and the development of enantiomerically pure compounds. Also serves as a precursor in the manufacture of flavors and fragrances due to its ability to form esters with pleasant aromas. Additionally, employed in the formulation of specialty solvents and plasticizers, where its diol structure contributes to improved flexibility and stability in polymer systems.