This chemical is primarily utilized in the synthesis of complex organic molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the development of biologically active compounds, including potential drug candidates. The presence of the nitro group and the epoxide ring makes it valuable for constructing molecules with specific stereochemistry, which is crucial in the design of chiral drugs. Additionally, it is employed in peptide synthesis and as a building block for creating inhibitors or modulators of enzymes and receptors. Its stability and reactivity allow for its use in multi-step organic reactions, contributing to the production of novel therapeutic agents.