This compound is widely used in the synthesis of pharmaceuticals, particularly in the development of peptide-based drugs. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) that target various therapeutic areas, including cardiovascular diseases and neurological disorders. Its structure, featuring a protected amino group and a hydroxyl group, makes it valuable for selective chemical modifications during drug development. Additionally, it is employed in research settings to study enzyme interactions and receptor binding, aiding in the design of more effective and specific therapeutic agents.