This compound is primarily used in pharmaceutical research and development as a key intermediate in the synthesis of complex molecules. Its structure, featuring both a hydroxyl group and a protected amine, makes it valuable for constructing biologically active compounds, particularly in the development of drugs targeting the central nervous system. It is often employed in the preparation of small molecule inhibitors and modulators for therapeutic applications. Additionally, its cyclopentapyrrole core is useful in creating frameworks for drug candidates with potential anti-inflammatory, analgesic, or neurological effects. The tert-butyl ester group provides stability during synthetic processes, allowing for selective deprotection and further functionalization.