This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and inflammatory conditions. Its structural features make it suitable for developing compounds that interact with specific receptors or enzymes involved in these pathways. Additionally, it is used in the preparation of peptide analogs and other derivatives for drug discovery programs, aiding in the optimization of pharmacokinetic and pharmacodynamic properties. Its application extends to biochemical studies where it is employed as a tool to investigate molecular interactions and mechanisms of action.