This compound is primarily utilized in the field of organic synthesis as a chiral building block or intermediate. Its stereochemistry makes it valuable for the preparation of enantiomerically pure compounds, particularly in pharmaceutical research and development. It is often employed in the synthesis of complex molecules, including active pharmaceutical ingredients (APIs) and biologically active compounds. The presence of both hydroxyl and carboxylate groups allows for versatile functionalization, enabling its use in the creation of peptidomimetics, ligands, and other fine chemicals. Additionally, its structural features make it suitable for asymmetric catalysis and the development of chiral catalysts or reagents.