This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various pharmacologically active molecules, particularly those targeting neurological disorders and metabolic diseases. Its structure allows it to act as a building block for designing inhibitors of specific enzymes or receptors involved in disease pathways. Additionally, it is explored in the development of peptide mimetics and prodrugs, enhancing bioavailability and therapeutic efficacy. Research also investigates its potential in creating novel compounds with anti-inflammatory or antioxidant properties, contributing to advancements in treating chronic conditions.