This chemical is primarily utilized as a chiral building block in the synthesis of various pharmaceutical compounds. Its unique structure allows it to act as a precursor in the production of enantiomerically pure drugs, particularly those requiring specific stereochemistry for therapeutic efficacy. Additionally, it is employed in the development of advanced materials, such as biodegradable polymers, due to its ability to form stable cyclic carbonate derivatives. In organic synthesis, it serves as a valuable intermediate for constructing complex molecules with high precision. Its application extends to the field of agrochemicals, where it contributes to the creation of more efficient and environmentally friendly pesticides.