This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and metabolic disorders. Its structural properties make it suitable for designing drugs that interact with specific receptors or enzymes in the body. Additionally, it is explored in the development of peptide-based therapeutics due to its amino acid backbone, which can be incorporated into larger peptide chains to enhance stability and efficacy. Researchers also investigate its potential in creating novel treatments for conditions like Parkinson's disease, depression, and other central nervous system-related ailments.