This compound is primarily utilized in the field of pharmaceutical research and development. Its unique structure makes it a valuable intermediate in the synthesis of various bioactive molecules, particularly those targeting neurological and cardiovascular diseases. Researchers leverage its properties to design and develop new drugs that can modulate specific biological pathways. Additionally, it is explored in the creation of peptide-based therapeutics due to its ability to enhance stability and bioavailability. Its application extends to the study of enzyme inhibition, where it serves as a key component in understanding and developing treatments for conditions influenced by enzymatic activity.