This compound is primarily used in the synthesis of pharmaceuticals, particularly in the development of peptide-based drugs. Its structure makes it a valuable intermediate in the production of complex molecules, especially those targeting neurological and cardiovascular diseases. The presence of both hydroxyl and carboxylic acid groups allows for versatile chemical modifications, enabling the creation of tailored therapeutic agents. Additionally, it is employed in research settings to study enzyme inhibition and receptor binding, contributing to the discovery of new drug candidates. Its role in asymmetric synthesis also aids in the production of chiral compounds, which are crucial for the efficacy and safety of many medications.