This chemical is primarily utilized in the field of pharmaceutical research and development, particularly in the synthesis of peptide-based drugs. It serves as a key intermediate in the production of chiral compounds, which are essential for creating enantiomerically pure active pharmaceutical ingredients (APIs). Its structure is beneficial in constructing complex molecules with high stereochemical control, making it valuable for designing drugs with specific biological activities. Additionally, it is employed in the preparation of protease inhibitors and other therapeutic agents targeting diseases such as cancer, viral infections, and autoimmune disorders. Its role in facilitating precise chemical transformations underscores its importance in advancing medicinal chemistry.