Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. Its hydroxyl and ester functional groups allow for versatile chemical modifications, making it valuable in creating chiral building blocks. Commonly employed in the synthesis of antiviral and antibacterial agents due to its ability to mimic biological metabolites. Also utilized in the preparation of biodegradable polymers and as a precursor in flavor and fragrance compounds. Its solubility and reactivity profile support use in aqueous and organic reaction systems.