This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of chiral molecules. Its structure makes it valuable for creating enantiomerically pure compounds, which are essential in the production of drugs with specific biological activities. It is often employed in peptide chemistry and as a building block for active pharmaceutical ingredients (APIs) targeting neurological and cardiovascular disorders. Additionally, it serves as a protective group in organic synthesis, ensuring selective reactions during complex molecule assembly. Its application extends to research and development in medicinal chemistry, where it aids in the design of novel therapeutics with improved efficacy and reduced side effects.