This compound is primarily used in organic synthesis as an intermediate for the preparation of more complex molecules, particularly in pharmaceutical research. It is often employed in the development of peptide-based drugs due to the presence of the Boc (tert-butoxycarbonyl) protecting group, which safeguards the amino functionality during chemical reactions. The 4-hydroxyphenyl moiety makes it valuable in synthesizing compounds with potential biological activity, such as enzyme inhibitors or receptor modulators. Its ester group allows for further functionalization, making it versatile in medicinal chemistry applications. Additionally, it can be utilized in the synthesis of natural products or bioactive molecules targeting neurological or metabolic disorders.