This compound is primarily utilized in the synthesis of peptides and pharmaceutical intermediates. It serves as a key building block in the preparation of biologically active molecules, particularly in the development of enzyme inhibitors and receptor modulators. Its structure, featuring both a benzyloxycarbonyl protecting group and a phenylbutanoic acid moiety, makes it valuable in organic synthesis for creating complex molecules with specific stereochemistry. Additionally, it is employed in research settings for studying enzyme-substrate interactions and designing drug candidates targeting various diseases, including cancer and neurological disorders. Its application extends to medicinal chemistry, where it aids in optimizing drug potency and selectivity.