This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of drugs targeting cancer and inflammatory diseases. It serves as a key intermediate in the production of immunomodulatory agents, which are designed to regulate the immune system's response. Additionally, it is employed in research settings for the creation of novel therapeutic molecules, especially those involving proteasome inhibition, which can be effective in treating certain types of cancer. Its role in medicinal chemistry is significant due to its structural properties, which allow for the modification and enhancement of drug efficacy and specificity.