This compound is widely used in the pharmaceutical industry as a key intermediate in the synthesis of various drugs, particularly those targeting neurological and cardiovascular disorders. Its structural properties make it valuable for creating chiral molecules, which are essential for developing enantiomerically pure medications. Additionally, it plays a role in the production of protease inhibitors, which are critical in antiviral therapies. Its stability and reactivity also make it suitable for use in peptide coupling reactions, aiding in the development of complex bioactive molecules.