Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of neuroprotective agents and cognitive enhancers. Its structure enables selective modification of amine-containing compounds, making it valuable in medicinal chemistry for creating novel drug candidates. It is also employed in the preparation of N-functionalized hydroxylamine derivatives, which show activity in modulating enzyme function and signal transduction pathways. Commonly utilized in research settings for probing biological systems and developing compounds with potential nootropic or anti-aging effects.