This chemical is primarily utilized in the pharmaceutical and organic synthesis industries as a key intermediate. It plays a significant role in the development of various bioactive molecules and drug candidates, particularly in the synthesis of compounds with potential therapeutic applications. Its structure, featuring both hydroxyl and carboxylate groups, makes it a versatile building block for constructing complex molecules, including those with pyrrolidine rings, which are common in medicinal chemistry. Additionally, it is used in research settings to explore new chemical reactions and pathways, contributing to advancements in drug discovery and development. Its stability and reactivity also make it suitable for use in fine chemical manufacturing processes.