This chemical is primarily utilized in the field of organic synthesis and medicinal chemistry. It serves as a key intermediate in the development of complex molecules, particularly those targeting biological pathways. Its structure is well-suited for creating compounds with potential therapeutic applications, such as enzyme inhibitors or receptor modulators. Researchers often employ it in the synthesis of chiral molecules due to its stereospecific properties, which are crucial for designing drugs with high specificity and efficacy. Additionally, it is used in the preparation of advanced materials, such as polymers or catalysts, where its unique molecular framework can enhance performance or stability.