This compound is primarily utilized in the synthesis of various pharmaceuticals, particularly in the development of drugs targeting neurological disorders. It serves as a key intermediate in the production of piracetam-like nootropics, which are known for their cognitive-enhancing properties. Additionally, it is used in the preparation of peptide mimetics and other bioactive molecules, contributing to advancements in medicinal chemistry. Its structural features make it a valuable building block in organic synthesis, enabling the creation of complex molecules with potential therapeutic applications.