This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of various drugs, especially those targeting the central nervous system (CNS). Its structural properties make it valuable in creating compounds with potential therapeutic effects for neurological disorders, such as anxiety, depression, and cognitive impairments. Additionally, it is explored in the development of peptidomimetics, which mimic the function of peptides and are used in drug design to enhance stability and bioavailability. Researchers also investigate its role in modulating biological pathways, making it a versatile tool in medicinal chemistry.