Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of bioactive molecules and peptide-based drugs. Its structure allows for efficient conjugation with other functional groups, making it valuable in medicinal chemistry for creating novel drug candidates. Commonly employed in research settings for modifying amine-containing substrates, it aids in enhancing solubility, stability, and target specificity of therapeutic agents. Also utilized in the preparation of specialty polymers and functional materials where controlled reactivity and molecular design are critical.