This chemical is widely used in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the preparation of complex molecules, particularly in peptide synthesis. The Boc (tert-butyloxycarbonyl) group acts as a protective group for amines, ensuring selective reactions during the synthesis process. The benzyl and PEG2 (polyethylene glycol) components enhance solubility and stability, making it suitable for use in various chemical reactions. Its application extends to the development of drug delivery systems, where it helps in creating biocompatible and targeted therapeutic agents. Additionally, it is utilized in bioconjugation techniques to link molecules or modify biomolecules for research and medical purposes.