Used primarily in organic synthesis, this compound serves as a key reagent in the preparation of various pharmaceuticals and bioactive molecules. It is particularly valuable in the synthesis of N-alkylated hydroxylamine derivatives, which are intermediates in the production of drugs targeting neurological disorders. Additionally, it is employed in the development of chiral ligands for asymmetric catalysis, enhancing the efficiency of stereoselective reactions. Its role in the modification of peptides and proteins is also notable, aiding in the study of biochemical pathways and drug discovery.