This chemical is primarily used in organic synthesis as a building block for the preparation of more complex molecules. It serves as an intermediate in the production of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) that target specific biological pathways. Additionally, it is utilized in research settings for the synthesis of novel compounds, aiding in the exploration of new drug candidates or chemical entities. Its role in peptide synthesis is also notable, where it contributes to the creation of peptide-based drugs or biomolecules. The compound’s reactive functional groups make it valuable for modifications and derivatizations in various chemical processes.