Used as a chiral building block in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. Its hydroxyl and ester functional groups allow for versatile chemical modifications. Commonly employed in the synthesis of biologically active molecules, including antibiotics and anti-inflammatory agents. Also serves as an intermediate in the preparation of flavor and fragrance compounds due to its fruity, creamy aroma profile. Compatible with asymmetric synthesis techniques, making it valuable in the development of enantiomerically pure drugs.