This chemical is primarily utilized in the field of organic synthesis and medicinal chemistry as a versatile intermediate. It plays a crucial role in the development of novel pharmaceutical compounds, particularly in the synthesis of heterocyclic molecules. Its unique structure allows it to act as a building block for creating complex molecules with potential biological activity. Researchers often employ it in the design and optimization of drug candidates, especially those targeting neurological or inflammatory disorders. Additionally, its reactivity makes it suitable for use in peptide coupling reactions, where it aids in the formation of amide bonds, a critical step in peptide synthesis. Its application extends to material science, where it can be used to modify polymers or create functionalized surfaces for specific industrial purposes.