This chemical is primarily used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs). It plays a key role in the development of chiral compounds, where its structure aids in the creation of enantiomerically pure substances. These substances are crucial for drugs that require high specificity and efficacy, such as those targeting neurological disorders, cardiovascular diseases, or cancer therapies. Additionally, it is utilized in peptide synthesis, where it serves as a protecting group for amines, ensuring selective reactions during complex molecular constructions. Its application is also seen in research and development for designing novel therapeutic agents with improved pharmacological properties.