This compound is primarily used in the synthesis of peptides and other biologically active molecules. It serves as a key intermediate in the preparation of chiral compounds, particularly in pharmaceutical research. Its structure, featuring a naphthalene group and a protected amino acid moiety, makes it valuable for creating complex molecules with specific stereochemistry. It is often employed in the development of drugs targeting neurological disorders, cancer, and inflammation due to its ability to interact with various biological targets. Additionally, it is utilized in organic chemistry for constructing advanced frameworks in asymmetric synthesis.