This compound is primarily utilized in the synthesis of complex organic molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of chiral drugs, where its structure aids in the introduction of stereochemistry, crucial for the biological activity of the final product. Additionally, it is employed in peptide synthesis, where the tert-butoxycarbonyl (Boc) protecting group safeguards the amine functionality during the reaction sequence, allowing for selective deprotection and further modifications. Its benzoic acid moiety also makes it a valuable building block in the development of bioactive compounds, including anti-inflammatory and anticancer agents.