This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of drugs targeting neurological and cardiovascular disorders. Additionally, it is employed in organic synthesis for constructing complex molecules with potential therapeutic properties. Its methoxybenzyl group enhances its reactivity, making it valuable in peptide coupling reactions and the creation of bioactive compounds. Researchers also explore its use in designing enzyme inhibitors and receptor modulators due to its structural versatility.