This compound is primarily utilized in the development of pharmaceutical agents, particularly in the synthesis of novel drugs targeting specific biological pathways. Its structure makes it a valuable intermediate in the creation of molecules designed to modulate enzyme activity, especially those involved in cellular signaling and metabolism. Researchers explore its potential in designing inhibitors for enzymes like glutamate carboxypeptidase II, which is implicated in neurological disorders and cancer progression. Additionally, it is investigated for its role in creating prodrugs that can improve the bioavailability and targeting of therapeutic agents. Its application extends to medicinal chemistry, where it contributes to the optimization of drug candidates for enhanced efficacy and reduced side effects.