Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and bioactive molecules. Its structure contains a protected amine functionality, making it valuable in peptide synthesis and medicinal chemistry where selective reactions are required. Commonly employed in the development of kinase inhibitors and central nervous system agents due to its ability to mimic aminoethyl scaffolds. Also utilized in the synthesis of PROTACs (proteolysis-targeting chimeras) and other targeted therapeutics.