Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the production of peptide-based drugs, where its structure aids in the formation of stable cyclic peptides. Additionally, it finds application in the study of enzyme inhibitors, contributing to the development of treatments for diseases such as cancer and neurological disorders. Its properties also make it useful in organic synthesis for creating complex chemical structures with potential therapeutic benefits.