This chemical is primarily utilized in the synthesis of complex organic molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of certain antibiotics and antiviral drugs, where its unique stereochemistry is crucial for the biological activity of the final product. Additionally, it is employed in the development of chiral catalysts, which are essential for asymmetric synthesis in medicinal chemistry. Its stability and functional groups make it a valuable building block in organic synthesis, enabling the creation of structurally diverse compounds with potential therapeutic applications.