This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structural features make it valuable in the development of drugs that interact with specific receptors or enzymes in the brain, potentially aiding in the treatment of conditions like depression, anxiety, or neurodegenerative diseases. Additionally, it is explored in the creation of peptide-based therapeutics due to its ability to enhance stability and bioavailability. Researchers also investigate its role in improving the pharmacokinetic properties of drug candidates, making it a versatile tool in drug discovery and development.