This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of certain drugs, including those targeting neurological and cardiovascular conditions. Its structure allows for the introduction of functional groups that are essential for the biological activity of the final drug molecule. Additionally, it is employed in research settings for the preparation of peptide analogs and other bioactive molecules, contributing to advancements in medicinal chemistry and drug discovery.