Used as a chiral building block in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. It serves as a key intermediate in the synthesis of enantiomerically pure compounds, aiding in the development of drugs with specific stereochemical requirements. Its epoxide ring is highly reactive, making it valuable for ring-opening reactions to create complex molecular structures. Applied in asymmetric synthesis, it helps in constructing biologically active molecules, such as β-blockers and other therapeutic agents. Also utilized in the preparation of chiral alcohols, acids, and amines, which are essential in agrochemicals and specialty chemicals.