This chemical is primarily used in organic synthesis as a versatile intermediate. It plays a significant role in the production of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). Its structure allows it to participate in various chemical reactions, making it valuable for creating complex molecules. Additionally, it is utilized in the synthesis of peptides and other bioactive compounds, contributing to advancements in medicinal chemistry. Its application extends to research laboratories, where it aids in the study of chemical reactions and the development of new synthetic pathways.