This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors. Its structure, featuring both amino and carboxylic acid functional groups, makes it a versatile building block for creating peptide-like compounds or small molecule drugs. Researchers often employ it in the design of potential therapeutic agents for conditions such as inflammation, cancer, or metabolic disorders. Additionally, its benzyloxy groups provide protective functionality during synthetic processes, allowing for selective modifications in complex chemical reactions. Its application is largely confined to laboratory settings, where it contributes to the development of novel pharmaceutical compounds.