This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of peptide-based drugs and bioactive molecules. Its structure, featuring a benzyloxycarbonyl protecting group, makes it valuable in peptide synthesis, where it helps in the selective protection of amino groups during the formation of peptide bonds. Additionally, its chiral center allows for the creation of enantiomerically pure compounds, which is crucial in the design of drugs with specific biological activities. Researchers also employ it in the study of enzyme inhibitors and receptor ligands, contributing to the discovery of new therapeutic agents.