This chemical is primarily utilized in the pharmaceutical industry as a chiral intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its stereospecific structure makes it valuable for producing enantiomerically pure compounds, which are crucial in the development of drugs with higher efficacy and reduced side effects. It is often employed in the synthesis of neurological and cardiovascular medications, where the precise configuration of molecules significantly impacts their biological activity. Additionally, it serves as a building block in organic synthesis for creating complex molecules with potential therapeutic applications. Its role in asymmetric synthesis also aids in the production of agrochemicals and fine chemicals.