This compound is primarily utilized in the synthesis of peptides and pharmaceuticals, serving as a key intermediate in the production of various bioactive molecules. Its structure, featuring a hydroxyl group, makes it valuable in the development of drugs targeting specific biological pathways, such as enzyme inhibitors or receptor modulators. Additionally, it is employed in the preparation of chiral compounds, where its stereochemistry plays a crucial role in achieving desired enantioselectivity. In research, it is often used to study peptide interactions and to design novel therapeutic agents. Its applications extend to the field of organic synthesis, where it acts as a building block for complex molecules with potential medicinal properties.