This compound is primarily utilized in the field of organic synthesis, particularly in peptide chemistry and medicinal research. It serves as a protected intermediate in the synthesis of complex molecules, enabling the controlled introduction of functional groups. The presence of the boronate ester group makes it valuable in Suzuki-Miyaura cross-coupling reactions, a key method for forming carbon-carbon bonds in pharmaceutical and material science applications. Additionally, its benzyloxycarbonyl (Cbz) protecting group is commonly employed to safeguard amines during multi-step synthetic processes, ensuring selective reactivity and stability. Its role in the development of bioactive compounds and drug candidates highlights its importance in advancing therapeutic innovations.