Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of antiviral and antifungal agents. Its structure allows for chiral synthesis, making it valuable in creating enantiomerically pure drugs. Also employed in the preparation of biologically active molecules and fine chemicals where a tetrahydrofuran ring linked to a carboxylic acid function is required. Its versatility in organic transformations supports its use in medicinal chemistry and drug development processes.