Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and bioactive compounds. Its structure mimics amino acid derivatives, making it valuable in the development of enzyme inhibitors and peptidomimetics. Commonly employed in research settings for studying metabolic pathways and chiral synthesis due to the presence of a stereocenter. Also utilized in the design of prodrugs where the benzoyl group acts as a protecting or modifying moiety to influence solubility and bioavailability.