This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of biologically active molecules, particularly those targeting neurological disorders. Its structure, featuring a benzo[b]thiophene moiety and a tert-butoxycarbonyl-protected amino group, makes it valuable for constructing peptide-like compounds or small-molecule inhibitors. Researchers often employ it in the preparation of potential therapeutic agents for conditions such as Alzheimer's disease, Parkinson's disease, or other neurodegenerative conditions. Additionally, its chiral center allows for the development of enantioselective drugs, enhancing specificity and efficacy in targeting biological pathways. The compound is also used in academic and industrial research to explore structure-activity relationships and optimize drug candidates for improved pharmacokinetic properties.