Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of statins, which are cholesterol-lowering drugs. It plays a crucial role in the development of enantiomerically pure compounds, ensuring high efficacy and reduced side effects in medications. Additionally, it is employed in the synthesis of various bioactive molecules and fine chemicals, contributing to advancements in medicinal chemistry and drug discovery. Its chiral nature makes it valuable in asymmetric synthesis, enabling the creation of complex molecules with precise stereochemistry.