Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system agents and cognitive enhancers. It serves as a building block for compounds targeting neurotransmitter modulation, including those with potential nootropic or antidepressant effects. Its protected amine and ester functionalities allow for selective chemical modifications, making it valuable in medicinal chemistry for constructing complex molecules. Also employed in research settings to design novel analogs for biological evaluation.