Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of peptide-based drugs, where it can enhance stability and bioavailability. Additionally, it finds application in the creation of chiral catalysts, which are crucial for asymmetric synthesis in organic chemistry. The compound's unique properties also make it a candidate for studying enzyme inhibition and receptor binding, aiding in the discovery of new therapeutic agents.