This chemical is primarily utilized in organic synthesis as an intermediate for the production of more complex molecules. It is often employed in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that require specific functional groups for biological activity. Its structure allows for selective reactions, making it valuable in constructing peptide-like compounds or other nitrogen-containing derivatives. Additionally, it can be used in research settings to study reaction mechanisms or to develop novel synthetic pathways for drug discovery and material science applications.