This chemical is primarily used in the synthesis of complex organic molecules, particularly in pharmaceutical research and development. It serves as a key intermediate in the preparation of cyclopropane-containing compounds, which are valuable in drug discovery due to their unique structural and biological properties. The compound is often utilized in asymmetric synthesis to create chiral molecules, which are crucial for the development of enantiomerically pure drugs. Additionally, it finds application in the construction of peptide mimetics and other biologically active molecules, aiding in the study of drug-target interactions and the design of novel therapeutics. Its tert-butoxycarbonyl (Boc) protecting group allows for selective deprotection, enabling precise control over synthetic pathways.