Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of chiral compounds, which are essential for producing drugs with specific stereochemical requirements. It is often employed in the preparation of protease inhibitors and other therapeutic agents targeting neurological and cardiovascular diseases. Additionally, it finds utility in organic synthesis as a building block for complex molecules, aiding in the exploration of new drug candidates and chemical pathways.