This compound is primarily utilized in organic synthesis and pharmaceutical research as a key intermediate. It serves as a building block for the development of various biologically active molecules, particularly in the synthesis of benzazepine derivatives. These derivatives are often explored for their potential therapeutic applications, such as central nervous system (CNS) drugs, due to their structural similarity to compounds that interact with neurotransmitters. Additionally, its tert-butoxycarbonyl (Boc) protecting group makes it valuable in peptide synthesis, where it helps in the stepwise construction of complex molecules by protecting reactive sites during chemical reactions. Its carboxylic acid functionality further allows for modifications, enabling the creation of diverse chemical structures for drug discovery and development.