Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting cardiovascular and metabolic disorders. Its unique structure allows it to act as a precursor in the development of tetrazole-based compounds, which are known for their bioisosteric properties, often mimicking carboxylic acids in drug design. Additionally, it plays a role in the creation of peptide analogs and enzyme inhibitors, contributing to advancements in medicinal chemistry. Its application extends to research settings, where it is utilized in the study of biochemical pathways and drug-receptor interactions.