This compound is primarily used in organic synthesis as a versatile intermediate for the preparation of more complex molecules, particularly in pharmaceutical research. It serves as a protective group for amines, enabling selective reactions in multi-step synthetic processes. The tert-butyl and benzyloxycarbonyl (Cbz) groups provide stability and can be selectively removed under specific conditions, making it valuable for peptide synthesis and the development of drug candidates. Its application is particularly significant in the synthesis of azetidine-containing compounds, which are increasingly explored for their potential in medicinal chemistry due to their unique biological activity and conformational properties.