This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the preparation of various biologically active molecules, particularly those targeting protease enzymes. Its structure is valuable in the development of peptide-based drugs, where it aids in the introduction of specific functional groups or chiral centers. Additionally, it is employed in the synthesis of complex heterocyclic compounds, which are often explored for their potential therapeutic applications, including enzyme inhibition and modulation of biological pathways. Its role in asymmetric synthesis also makes it a valuable tool in creating enantiomerically pure substances for drug discovery and development.