This compound is primarily utilized in the synthesis of complex organic molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of peptide-based drugs, where its structure aids in the protection and controlled release of active pharmaceutical ingredients. Additionally, it is employed in research settings for the development of novel therapeutic agents, particularly those targeting specific enzymatic pathways. Its unique chemical properties make it valuable for creating chiral compounds, which are essential in the design of drugs with high specificity and reduced side effects. Furthermore, it is used in the preparation of advanced materials, such as polymers and coatings, where its stability and reactivity contribute to enhanced performance characteristics.