This chemical is primarily utilized in the field of organic synthesis, particularly in the development of pharmaceuticals. It serves as a key intermediate in the production of various biologically active compounds, including potential drug candidates. Its structure is often employed in the synthesis of pyrrolidine-based molecules, which are significant in medicinal chemistry due to their presence in many therapeutic agents. Additionally, it can be used in the preparation of peptidomimetics, which mimic peptides and are essential in drug discovery for targeting specific biological pathways. Its role in facilitating complex chemical reactions makes it valuable in research and industrial applications focused on creating novel therapeutic molecules.