Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the production of drugs targeting neurological disorders, where its structural properties facilitate the creation of molecules that interact with specific receptors in the brain. Additionally, it finds application in the development of peptide-based therapeutics, enhancing the stability and bioavailability of these compounds. Its role in organic synthesis also extends to the preparation of specialized polymers and fine chemicals used in advanced material science.