Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of bioactive molecules and drug candidates. Its structure supports conjugation in peptide-like frameworks, making it valuable in medicinal chemistry for designing protease inhibitors and targeted therapies. Also employed in the preparation of functionalized polymers and biomaterials due to its ability to participate in controlled cross-linking reactions. Commonly utilized in research settings for labeling and bioconjugation techniques, especially where selective modification of biomolecules is required.