This compound is primarily used in the synthesis of chiral molecules, particularly in the pharmaceutical industry, where it serves as a building block for active pharmaceutical ingredients (APIs). Its chiral nature makes it valuable in producing enantiomerically pure drugs, which are often more effective and have fewer side effects. Additionally, it is utilized in the production of fine chemicals and flavors, contributing to the development of specific taste profiles in food and beverage products. In organic synthesis, it acts as a versatile intermediate for creating complex organic compounds, including esters and alcohols, which are essential in various industrial applications.