Used in the synthesis of pharmaceuticals, particularly in the production of antibiotics and antiviral drugs. It serves as a building block in peptide synthesis, contributing to the development of bioactive compounds. In agriculture, it is utilized in the formulation of certain herbicides and plant growth regulators. Additionally, it finds application in biochemical research as a precursor for studying metabolic pathways and enzyme mechanisms. Its role in the cosmetic industry includes being an ingredient in skincare products due to its moisturizing and anti-aging properties.