This compound is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the production of peptide-based drugs, where its structure aids in the formation of peptide bonds and protection of functional groups during synthesis. Additionally, it is employed in the development of prodrugs, enhancing the bioavailability and stability of active pharmaceutical ingredients. Its application extends to the field of medicinal chemistry, where it is used to create analogs for drug discovery and optimization processes.