Used as a key intermediate in the synthesis of energetic materials, particularly in the production of plasticizers and binders for propellants and explosives. Its hydroxyl groups allow for esterification, enabling the formation of nitrate esters that improve the performance and stability of solid rocket fuels. Also employed in polymer applications as a building block for polyesters and polyurethanes, contributing to flexibility and durability. Additionally, finds use in pharmaceuticals as a chiral synthon for drug development. Its low toxicity and biodegradability make it suitable for specialty applications where environmental impact is a concern.