Used primarily in the synthesis of pharmaceuticals, it serves as a key intermediate in the production of various drugs, particularly those targeting cardiovascular and neurological conditions. Its role in peptide synthesis is notable, where it helps stabilize peptide structures and enhance their biological activity. Additionally, it finds application in the development of antioxidants, contributing to the protection of cells from oxidative stress. In research, it is utilized to study enzyme inhibition and receptor binding mechanisms, aiding in the discovery of new therapeutic agents. Its versatility also extends to industrial applications, where it is incorporated into formulations for improving the stability and efficacy of chemical products.