This compound is primarily utilized in the pharmaceutical and biotechnology industries as a key intermediate in the synthesis of complex molecules. Its stereochemistry, particularly the (2R,4S) configuration, makes it valuable for the production of chiral drugs, where precise molecular orientation is critical for efficacy. It is often employed in the development of protease inhibitors, which are essential in treating diseases such as HIV/AIDS and hepatitis C. Additionally, its structure allows it to act as a building block in peptide synthesis, contributing to the creation of biologically active peptides used in therapeutic applications. The compound's stability and reactivity also make it suitable for use in research and development of new medicinal compounds.