This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of peptide-based drugs. Its structure, featuring a tert-butoxycarbonyl (Boc) protecting group, makes it valuable in organic synthesis, where it helps in the controlled formation of peptide bonds without unwanted side reactions. The presence of the 4-hydroxyphenyl group allows it to participate in further chemical modifications, enabling the creation of complex molecules with specific biological activities. Additionally, it is often employed in research settings for the preparation of chiral compounds, leveraging its stereochemistry to produce enantiomerically pure substances. Its applications extend to the study of enzyme inhibitors and receptor ligands, where it serves as a key building block in the design of bioactive molecules.