This chemical is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive compounds and drug molecules. Its unique structure makes it valuable for constructing complex peptides and peptidomimetics, which are essential in the study of protein interactions and enzyme inhibitors. Additionally, it is employed in the synthesis of specialized polymers and materials with potential applications in drug delivery systems and biomaterials. Its role in research underscores its importance in advancing medicinal chemistry and material science.