This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting antifungal and antibacterial activities. It serves as a key intermediate in the development of active pharmaceutical ingredients (APIs) that are effective against a range of microbial infections. Additionally, it is employed in organic synthesis for creating complex molecules with potential therapeutic properties, often in the research and development phase of drug discovery. Its role in forming amide bonds makes it valuable in peptide synthesis and the modification of biologically active compounds.