Used as a key chiral intermediate in the synthesis of pharmaceuticals, particularly in the production of beta-blockers and other cardiovascular drugs. Its stereochemistry allows for selective reactions in asymmetric synthesis, making it valuable in creating enantiomerically pure compounds. Also employed in the fragrance and flavor industry due to its ester functionality and ability to contribute fruity, creamy notes to formulations. Commonly utilized in organic synthesis for building complex molecules where stereocontrol is critical.