Used as a key intermediate in the synthesis of prostaglandins and their analogs, which are essential in various pharmaceutical applications. It plays a crucial role in the development of drugs targeting inflammation, cardiovascular diseases, and reproductive health. The compound's stereochemistry is vital for ensuring the biological activity of the final products. Additionally, it is employed in organic synthesis for constructing complex molecular structures with high precision. Its utility in asymmetric synthesis makes it valuable for producing enantiomerically pure compounds, which are critical in drug development and research.