Used as a key intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. It plays a role in the formation of cyclohexylmethylamine derivatives, which are valuable in drug discovery and development. The compound is also utilized in the synthesis of inhibitors and ligands for biological targets, aiding in the study of enzyme mechanisms and receptor interactions. Additionally, it finds application in the modification of peptides and proteins, enhancing their stability and functionality for therapeutic use.