This compound is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the production of various bioactive compounds, including potential drug candidates. Its structure is valuable for constructing chiral centers, which are crucial in the development of enantioselective drugs. Additionally, it is employed in peptide chemistry to modify or protect functional groups during multi-step synthesis processes. Its application extends to the study of enzyme inhibitors, where it aids in understanding molecular interactions and designing targeted therapies.