This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its chiral structure makes it valuable in the production of enantiomerically pure drugs, particularly those targeting central nervous system disorders and cardiovascular diseases. The hydroxyl and hydroxymethyl functional groups allow for further chemical modifications, enabling the creation of complex molecules with specific biological activities. Additionally, it is employed in research and development for exploring new therapeutic agents, particularly in the fields of neurology and oncology. Its role in facilitating the synthesis of high-purity compounds underscores its importance in drug manufacturing and medicinal chemistry.