Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure is particularly valuable in the creation of compounds targeting neurological disorders, as it can influence receptor activity in the brain. Additionally, it finds application in the development of peptide-based drugs, where its properties aid in enhancing stability and bioavailability. The compound is also utilized in the study of enzyme inhibition, helping researchers design more effective therapeutic agents.