This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of biologically active molecules. It serves as a key intermediate in the production of various drugs, especially those targeting enzyme inhibition or modulation. Its structural properties make it valuable in designing peptide-based therapeutics, where it can enhance stability and bioavailability. Additionally, it is employed in medicinal chemistry for the creation of compounds with potential anti-inflammatory or cardiovascular applications. Its role in optimizing drug candidates for improved efficacy and reduced side effects is significant in the field of drug discovery.