This chemical is primarily utilized in the synthesis of complex organic molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs). Its structure, featuring both hydroxyl and methoxy functional groups, makes it valuable for constructing specific stereochemical configurations required in drug molecules. Additionally, it is employed in research and development for creating novel compounds with potential therapeutic applications, particularly in the fields of neurology and oncology. Its stability and reactivity also make it suitable for use in fine chemical manufacturing and academic studies focused on organic synthesis.