Used as a chiral building block in the synthesis of pharmaceuticals and biologically active compounds. Its enantiomeric purity makes it valuable in producing stereoselective drugs, particularly in the development of antibiotics, antivirals, and anti-inflammatory agents. Also employed in the preparation of biodegradable polymers and as an intermediate in the production of fine chemicals and agrochemicals. Commonly utilized in asymmetric synthesis due to its ability to direct stereochemical outcomes in complex organic reactions.