This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the preparation of various biologically active molecules, particularly those targeting enzyme inhibition or modulation. Its structure is often incorporated into the design of prodrugs, which are metabolized in the body to release active therapeutic agents. Additionally, it is employed in the development of peptide-based drugs, where it acts as a protecting group for amines during complex synthetic processes. Its application extends to the study of neurodegenerative diseases, where it is used to create compounds that can cross the blood-brain barrier effectively.