Used as a chiral building block in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its enantiomeric purity makes it valuable in asymmetric synthesis where stereochemistry is critical. Also employed in the fragrance industry due to its mild, floral, and slightly fruity odor, contributing to the formulation of perfumes and flavoring agents. Serves as a solvent or intermediate in specialty reactions requiring a secondary alcohol with specific stereochemistry.