This compound is primarily utilized in organic synthesis, particularly in the preparation of peptides and amino acid derivatives. It serves as a protected intermediate, where the tert-butoxycarbonyl (Boc) group safeguards the amino functionality during chemical reactions, ensuring selective modifications. The hydroxyl and carboxylic acid groups provide additional sites for further functionalization, making it a versatile building block in the synthesis of complex molecules. Its application is common in pharmaceutical research, where it aids in the development of bioactive compounds and drug candidates. Additionally, it is employed in the study of enzyme inhibitors and receptor ligands due to its structural resemblance to natural amino acids.