This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting neurological and metabolic disorders due to its structural properties that mimic natural amino acids. Additionally, it serves as a building block in the production of chiral compounds, which are essential for creating enantiomerically pure drugs. Its application extends to research and development, where it is used in the study of peptide synthesis and the exploration of new therapeutic agents.