Used in the synthesis of anticancer agents, particularly as an intermediate in the production of taxoid derivatives. Shows potential in enhancing drug delivery systems for tumor targeting due to its structural compatibility with microtubule-binding compounds. Investigated for its role in overcoming multidrug resistance in cancer cells, making it valuable in developing next-generation chemotherapeutics. Also employed in structure-activity relationship (SAR) studies to optimize cytotoxic activity in taxane family compounds.