This compound plays a significant role in the biosynthesis of isoprenoids, a diverse class of natural compounds essential for various biological processes. It serves as a key intermediate in the mevalonate pathway, which is crucial for the production of sterols, carotenoids, and other isoprenoid derivatives. These derivatives are vital in cellular functions, including membrane integrity, hormone synthesis, and antioxidant activities. Additionally, it is utilized in research to study enzyme mechanisms and metabolic pathways related to isoprenoid biosynthesis, aiding in the development of pharmaceuticals and biotechnological applications.