Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of neuroactive agents and central nervous system modulators. Its structure supports conjugation in peptide-based drug design, enabling targeted delivery and enhanced bioavailability. Commonly employed in research settings for labeling and crosslinking biomolecules due to its reactive functional groups. Also utilized in the preparation of fluorescent probes and enzyme inhibitors, where its stability under physiological conditions improves assay performance.