Primarily utilized in the synthesis of peptides and peptidomimetics, this compound serves as a crucial intermediate in pharmaceutical research. Its role is pivotal in the development of drugs targeting a variety of diseases, including cancer and neurological disorders. Additionally, it is employed in the production of chiral catalysts, which are essential for asymmetric synthesis in organic chemistry. This enhances the efficiency and selectivity of chemical reactions, leading to the creation of more effective and safer medicinal compounds.