Used primarily as an intermediate in organic synthesis, this compound serves in the development of pharmaceuticals and bioactive molecules. Its structure supports cross-coupling reactions and functional group transformations, making it valuable in constructing complex aromatic and heterocyclic systems. It is also employed in the preparation of protease inhibitors and kinase modulators due to its ability to mimic peptide-like frameworks. Additionally, it finds use in medicinal chemistry for designing analogs with improved metabolic stability and binding affinity.