This chemical is primarily utilized in the synthesis of complex organic compounds, particularly in pharmaceutical research and development. It serves as a key intermediate in the production of peptide-based drugs, where its structure allows for the introduction of specific functional groups that are essential for biological activity. The compound is also employed in the preparation of protease inhibitors, which are crucial in treating diseases such as HIV and hepatitis C. Additionally, its role in the synthesis of novel therapeutic agents highlights its importance in medicinal chemistry, enabling the creation of molecules with enhanced efficacy and selectivity.