Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the preparation of guanidine derivatives, which are studied for their potential therapeutic effects, including antimicrobial and antiviral properties. Additionally, it finds application in organic synthesis, where it acts as a building block for creating complex chemical structures. Its role in the development of new drugs and chemical entities underscores its importance in medicinal chemistry and drug discovery processes.