This compound is primarily utilized in organic synthesis, particularly in the preparation of complex molecules. It serves as a key intermediate in the development of pharmaceuticals, where its structure is valuable for constructing chiral centers and functional groups. The tert-butoxycarbonyl (Boc) protecting group ensures selective reactivity during multi-step synthesis, making it essential in peptide and drug design. Its malonic acid moiety allows for further functionalization, enabling the creation of diverse chemical structures for research and industrial applications.