This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various peptide-based drugs and bioactive molecules. Its structure is particularly valuable in the development of enzyme inhibitors and receptor modulators, which are critical in treating diseases like cancer, neurological disorders, and metabolic conditions. Additionally, it is employed in the design of prodrugs, enhancing drug delivery and bioavailability. Researchers also explore its potential in creating novel therapeutic agents due to its chiral center, which can influence the stereoselectivity and efficacy of the final drug product.