Used as a chiral intermediate in the synthesis of pharmaceuticals, particularly in the production of amphetamines and related central nervous system stimulants. It serves as a building block for optically active compounds due to its stereochemistry, enabling the development of enantiomerically pure drugs. Also employed in the fragrance industry for the preparation of aromatic compounds and esters used in perfumes and flavorings. Its structural properties make it valuable in asymmetric synthesis and catalysis research.