This compound is primarily utilized in the field of organic synthesis as a versatile intermediate. It is often employed in the development of pharmaceuticals, particularly in the synthesis of complex molecules like active pharmaceutical ingredients (APIs). Its structure, featuring both hydroxyl and allyl groups, makes it valuable for constructing pyrrolidine-based frameworks, which are common in drug discovery. Additionally, it is used in the preparation of chiral compounds, where its stereochemistry plays a critical role in achieving desired enantioselectivity. The tert-butyl group provides stability and protection during synthetic processes, making it a useful reagent in multi-step organic reactions.