This compound is widely utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is particularly valuable in the development of peptide-based drugs, where it serves as a building block for modifying peptide chains to enhance their biological activity or stability. Additionally, it finds application in the production of chiral compounds, leveraging its stereochemistry to create enantiomerically pure substances, which are crucial in drug development to ensure efficacy and reduce side effects. In research settings, it is employed as a reagent in organic synthesis to study reaction mechanisms or to develop novel chemical entities with potential therapeutic benefits. Its versatility also extends to the field of agrochemicals, where it may be used in the synthesis of herbicides or pesticides.