This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of peptide-based drugs and bioactive molecules. Its structure, featuring a benzyloxycarbonyl protecting group and a cyano-substituted phenyl ring, makes it valuable for constructing complex peptides with specific functional properties. Researchers often employ it in the synthesis of enzyme inhibitors, receptor agonists, or antagonists, particularly in targeting diseases related to metabolic disorders or neurological conditions. Additionally, its chiral center allows for the creation of enantiomerically pure compounds, which are crucial for ensuring the efficacy and safety of pharmaceutical agents.