This compound is primarily used in the field of organic synthesis, particularly in the development of pharmaceuticals. It serves as a key intermediate in the production of various biologically active molecules, including peptide-based drugs. Its structure is valuable for constructing complex organic frameworks, especially in the synthesis of chiral compounds. Additionally, it is utilized in research for studying enzyme inhibitors and receptor ligands, contributing to advancements in medicinal chemistry. Its role in asymmetric synthesis also makes it significant for creating enantiomerically pure substances, which are critical in drug development.