This compound is primarily utilized in organic synthesis as a chiral building block for the preparation of complex molecules, particularly in the pharmaceutical industry. Its structure, featuring both benzyl and amino groups, makes it valuable for the synthesis of peptides and other bioactive compounds. It is often employed in the development of drugs targeting neurological disorders and as an intermediate in the production of enantiomerically pure substances. Additionally, it can be used in the study of enzyme mechanisms and as a precursor for the synthesis of specialized amino acid derivatives.