This compound is primarily utilized in organic synthesis as a protective group for amino acids, particularly glycine. It is often employed in peptide synthesis to shield the amino group during reactions, allowing selective modification of other functional groups. The benzyl ester moiety provides additional protection for the carboxyl group, ensuring stability under various reaction conditions. Its application is significant in the development of pharmaceuticals and bioactive peptides, where precise control over amino acid reactivity is crucial. Additionally, it serves as an intermediate in the preparation of complex organic molecules, contributing to advancements in medicinal chemistry and drug discovery.