This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various therapeutic agents. Its unique structure makes it valuable for the development of drugs targeting neurological disorders, including cognitive enhancers and treatments for neurodegenerative diseases. Additionally, it serves as a building block in the creation of peptide-based drugs, particularly those designed to modulate receptor activity or enzyme function. Researchers also explore its potential in designing novel compounds with anti-inflammatory or antimicrobial properties, contributing to advancements in medicinal chemistry.