This compound is primarily utilized in organic synthesis as a versatile intermediate. It is particularly valuable in the construction of complex molecules, especially in the pharmaceutical industry, where it serves as a building block for the development of active pharmaceutical ingredients (APIs). Its stereochemistry and functional groups make it suitable for use in asymmetric synthesis, enabling the creation of chiral compounds with high enantiomeric purity. Additionally, it is employed in the synthesis of pyrrolidine-based structures, which are common in various biologically active compounds. Its iodine moiety also allows for further functionalization through cross-coupling reactions, expanding its utility in medicinal chemistry and drug discovery.