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 bioactive molecules, particularly those targeting neurological and cardiovascular disorders. Its structure is valuable in the development of peptide-based drugs, where it can enhance stability and bioavailability. Additionally, it is employed in the study of enzyme inhibition, aiding in the design of inhibitors for specific biochemical pathways. Its application extends to the production of specialized amino acid derivatives, which are crucial in creating tailored therapeutic agents.