This chemical is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It serves as an intermediate in the production of compounds that target neurological and cardiovascular disorders. Its structure is valuable in creating molecules with specific biological activities, often used in the design of drugs that modulate receptors or enzymes in the body. Additionally, it is employed in research settings for the preparation of modified peptides and other bioactive molecules, contributing to advancements in medicinal chemistry and drug discovery.