Used primarily as a chiral intermediate in the synthesis of pharmaceuticals and fine chemicals. Its asymmetric center makes it valuable in producing enantiomerically pure compounds, especially in the development of active pharmaceutical ingredients (APIs). Commonly employed in the preparation of beta-blockers and other cardiovascular drugs. Also utilized in the fragrance and flavor industry due to its ability to form chiral building blocks for esters with defined sensory properties. Serves as a solvent or protecting group carrier in multi-step organic syntheses where stereochemistry control is critical.