This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly as an intermediate in the production of active pharmaceutical ingredients (APIs). It is often employed in the development of drugs targeting the central nervous system (CNS), such as antipsychotics, antidepressants, and anxiolytics, due to its structural features that interact with neurotransmitter receptors. Additionally, it serves as a building block in the creation of peptide-based therapeutics, where its protective group functionality aids in controlled synthesis. Its application extends to research settings, where it is used in the study of biochemical pathways and drug discovery processes.