Used in organic synthesis as a building block for creating more complex molecules, particularly in the development of pharmaceuticals and bioactive compounds. It serves as a key intermediate in the preparation of peptides and amino acid derivatives, often utilized in protecting group strategies during peptide synthesis. Its structure is valuable in research for designing enzyme inhibitors or modifying drug molecules to enhance their stability and efficacy. Additionally, it finds application in the study of biochemical pathways and the development of novel therapeutic agents.