This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive compounds, particularly those targeting neurological and inflammatory disorders. Its structural properties make it suitable for modifying drug molecules to enhance their efficacy, selectivity, and pharmacokinetic profiles. Additionally, it is employed in the design of protease inhibitors, which are critical in treating diseases like HIV and hepatitis. Its versatility also extends to organic synthesis, where it is used to create complex molecules for further chemical exploration.