Used primarily as an intermediate in the synthesis of certain pharmaceutical agents, particularly in the development of drugs targeting cardiovascular and metabolic disorders. Its structure supports the creation of active compounds with cholesterol-lowering properties, especially in the production of statin-class medications. The compound's stereochemistry enables selective interactions with enzymes involved in lipid regulation, making it valuable in crafting high-potency therapeutics with reduced side effects. It is also employed in research settings to explore new pathways in heterocyclic chemistry and drug design.