Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of drugs targeting neurological disorders, owing to its structural properties that allow it to interact with specific receptors in the brain. Additionally, it is employed in the creation of compounds with potential anti-inflammatory and antioxidant effects, making it a versatile component in medicinal chemistry. Its role in peptide synthesis also contributes to advancements in therapeutic peptide-based treatments.