This compound is primarily utilized in organic synthesis as a key intermediate for the preparation of various biologically active molecules. Its phosphonate group makes it valuable in the development of phosphorus-containing compounds, which are often used in medicinal chemistry for designing enzyme inhibitors, particularly those targeting proteases and kinases. Additionally, it serves as a building block in the synthesis of complex organic molecules, including pharmaceuticals and agrochemicals. The tetrahydro-2H-pyran-2-yl (THP) protecting group in its structure allows for selective deprotection, enabling controlled reactions in multi-step synthetic processes. This chemical is also explored in materials science for creating functionalized polymers and coatings with specific properties.