Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the preparation of chiral amines, which are crucial for creating enantiomerically pure drugs. Its application extends to the production of peptide-based therapeutics, where it aids in the introduction of specific functional groups. Additionally, it plays a role in the development of enzyme inhibitors and receptor modulators, contributing to advancements in medicinal chemistry. Its stability and reactivity make it a preferred choice for complex organic transformations in drug discovery processes.