This chemical is primarily utilized in organic synthesis as a versatile intermediate. It plays a significant role in the preparation of complex molecules, particularly in the pharmaceutical industry. Its structure is valuable for constructing tetrahydrofuran derivatives, which are key components in various bioactive compounds and drug candidates. Additionally, it is employed in the development of peptidomimetics, aiding in the design of peptide-like molecules that mimic protein interactions. Its application extends to research settings, where it is used to explore new synthetic pathways and optimize reaction conditions for the production of target molecules.