This chemical is primarily utilized in organic synthesis, particularly in the preparation of complex molecules and intermediates. It serves as a key building block in the development of pharmaceuticals, where its hydrazine moiety and chiral centers enable the creation of enantiomerically pure compounds. The benzyloxy group provides protection for hydroxyl functionalities during synthetic processes, allowing for selective reactions. Additionally, it is employed in the synthesis of biologically active compounds, such as inhibitors or ligands, due to its ability to form stable hydrazone derivatives. Its applications extend to the field of medicinal chemistry, where it contributes to the design of drugs targeting specific enzymes or receptors.