This chemical is primarily used in the synthesis of pharmaceutical compounds, particularly in the development of peptide-based drugs. It serves as a key intermediate in the production of inhibitors and receptor antagonists, which are crucial in treating various diseases. Its structure allows for the incorporation of specific functional groups that enhance the binding affinity and selectivity of the final drug molecules. Additionally, it is utilized in organic synthesis to create complex molecules with potential therapeutic applications, making it valuable in medicinal chemistry research and drug discovery processes.