This chemical is primarily used in the synthesis of pharmaceutical compounds, particularly in the development of chiral molecules. It serves as a key intermediate in the production of drugs targeting neurological and cardiovascular disorders. Its structure is valuable for creating enantiomerically pure substances, which are crucial for ensuring the efficacy and safety of medications. Additionally, it is utilized in peptide synthesis, where it acts as a protecting group for amines, enabling selective reactions during the construction of complex peptide chains. Its application extends to research laboratories for studying enzyme inhibitors and receptor ligands, contributing to advancements in medicinal chemistry.