This compound is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the production of peptide-based drugs, where its structure facilitates the formation of specific peptide bonds. Its application is crucial in the development of targeted therapies, especially in the field of oncology and immunology, where precise molecular interactions are essential. Additionally, it is employed in the study of enzyme inhibitors, helping researchers understand and manipulate biochemical pathways for therapeutic purposes. Its role in medicinal chemistry underscores its importance in advancing drug discovery and development.