This compound is primarily utilized in biochemical research and pharmaceutical development due to its role as a specialized intermediate in the synthesis of more complex molecules. It is often employed in the study of enzyme mechanisms and receptor interactions, particularly in the context of amino acid derivatives and their biological activities. Its structural features make it valuable for designing and testing new drugs, especially those targeting metabolic pathways or neurological conditions. Additionally, it is used in the preparation of peptide analogs and as a building block in organic synthesis for creating compounds with potential therapeutic applications.