This compound is primarily used in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly in the synthesis of pyrrolidine-based compounds. Its structure, featuring both hydroxymethyl groups and a tert-butyl carboxylate moiety, makes it a versatile building block for constructing complex molecules. Researchers often employ it in the design and synthesis of potential drug candidates, especially those targeting neurological disorders or acting as enzyme inhibitors. Additionally, its stability and reactivity make it suitable for use in peptide chemistry and the preparation of chiral ligands for asymmetric catalysis.