This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of cholesterol-lowering drugs, particularly statins. It plays a critical role in the production of active pharmaceutical ingredients (APIs) that help manage hypercholesterolemia and reduce the risk of cardiovascular diseases. Its stereochemistry is essential for ensuring the efficacy and specificity of the final drug product. Additionally, it is used in research and development for exploring new therapeutic agents targeting metabolic disorders.