This chemical is primarily used in the field of organic synthesis and pharmaceutical research. It serves as a valuable intermediate in the development of complex molecules, particularly in the synthesis of active pharmaceutical ingredients (APIs). Its structure, featuring both a tert-butoxycarbonyl (Boc) protecting group and a hydroxymethyl moiety, makes it versatile for constructing azetidine-based compounds, which are of interest due to their biological activity. It is often employed in peptide chemistry and medicinal chemistry to create novel drug candidates, especially those targeting neurological or inflammatory diseases. Additionally, its carboxylic acid group allows for further functionalization, making it a useful building block in the design of small molecules with potential therapeutic applications.