This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. It is often employed in the development of pharmaceuticals, particularly in the creation of active pharmaceutical ingredients (APIs) that require specific functional groups for biological activity. Additionally, it finds application in the synthesis of peptides and other bioactive compounds, where its unique structure can influence the overall properties of the final product. In research settings, it is used to study reaction mechanisms and to develop new synthetic methodologies, contributing to advancements in medicinal chemistry and drug discovery.