Used in the synthesis of chiral pharmaceuticals and fine chemicals due to its stereospecific structure. The compound serves as a key intermediate in the production of beta-hydroxy esters and other optically active molecules. Its functional groups—bromine and hydroxyl—allow for selective transformations, making it valuable in asymmetric synthesis. Commonly employed in the development of antibiotics, antiviral agents, and enzyme inhibitors where precise stereochemistry is critical. Also utilized in academic research to study reaction mechanisms involving chiral centers.