This compound is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the production of various therapeutic agents, including antiviral and anticancer drugs. Its stereochemistry and functional groups make it valuable for constructing chiral centers in drug molecules, enhancing their specificity and efficacy. Additionally, it is employed in the development of protease inhibitors, which are critical in treating diseases such as HIV and hepatitis C. Its stability and reactivity also make it a useful building block in medicinal chemistry for designing novel compounds with potential biological activity.