Used primarily in pharmaceutical research, this compound is a key intermediate in the synthesis of complex organic molecules, particularly those targeting therapeutic applications. Its structure, featuring both an oxirane ring and a benzyloxy group, makes it valuable for developing drugs with specific biological activities, such as enzyme inhibitors or receptor modulators. The compound is often employed in the preparation of chiral molecules, leveraging its stereochemistry to achieve high enantiomeric purity in final products. Additionally, it is utilized in the study of pharmacokinetics and drug delivery systems, where its stability and reactivity under physiological conditions are of interest. Researchers also explore its potential in creating novel bioactive compounds for treating diseases like cancer or inflammatory disorders.