This compound is primarily utilized in the field of organic synthesis, particularly in the preparation of complex molecules. It serves as a key intermediate in the development of pharmaceuticals, enabling the creation of chiral compounds with high precision. Its structure, featuring a protected amine group, makes it valuable in peptide synthesis and the construction of bioactive molecules. Additionally, it is employed in the synthesis of cyclopentane-based derivatives, which are often explored for their potential therapeutic properties, such as enzyme inhibition or receptor modulation. Its stability and ease of handling further contribute to its widespread use in research and industrial applications.