This compound is primarily utilized in the development of pharmaceutical agents, particularly in the design of enzyme inhibitors. Its structure, featuring both hydroxyl and mercapto groups, makes it a versatile candidate for targeting enzymes involved in various metabolic pathways. It is often explored in the synthesis of drugs aimed at treating conditions related to oxidative stress or inflammation, as the thiol group can act as a reactive site for binding to specific enzyme targets. Additionally, its chiral center allows for selective interaction with biological molecules, enhancing its potential in creating enantiomerically pure therapeutics. Research also focuses on its use in prodrug formulations, where its functional groups can be modified to improve bioavailability and targeted delivery.