This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of chiral drugs. Its structure, featuring a benzyl group and hydroxyl functionality, makes it a valuable building block for creating complex molecules with specific stereochemistry.

In medicinal chemistry, it is often employed in the production of inhibitors or modulators targeting enzymes or receptors. Its chiral centers allow for the creation of enantiomerically pure compounds, which is crucial for achieving desired biological activity and minimizing side effects in drug candidates.

Additionally, it finds application in the synthesis of bioactive alkaloids and other natural product derivatives, contributing to the exploration of new therapeutic agents. Its versatility in organic synthesis also extends to the preparation of ligands for asymmetric catalysis, enhancing the efficiency of chemical transformations in drug manufacturing processes.