Used as an intermediate in organic synthesis, particularly in the development of pharmaceutical compounds. It serves as a building block for constructing biologically active molecules, including potential protease inhibitors and anti-inflammatory agents. Its structure allows for easy modification in multi-step syntheses, making it valuable in medicinal chemistry research. Also employed in the preparation of fluorescent probes and labeling reagents due to its amide and amine functional groups, which can be tailored for specific detection applications.