This compound is primarily utilized in the development of pharmaceutical drugs, particularly as an intermediate in the synthesis of active pharmaceutical ingredients (APIs). It plays a crucial role in the production of certain antibiotics and enzyme inhibitors, contributing to their structural integrity and efficacy. Additionally, it is employed in research settings for studying enzyme-substrate interactions and designing molecules with specific biological activities. Its incorporation into drug formulations helps enhance stability and bioavailability, making it valuable in medicinal chemistry and drug discovery processes.