This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting the central nervous system. Its structural framework is valuable for designing compounds with potential therapeutic effects, such as neuroprotective agents or treatments for neurological disorders. Additionally, it has been explored in the development of enzyme inhibitors, which can be used to study biochemical pathways or treat diseases linked to enzymatic dysregulation. Its versatility also extends to research in peptide synthesis, where it can be incorporated into larger molecules to modulate their activity or stability.