This compound is primarily utilized in the field of organic synthesis, particularly in the development of pharmaceuticals. It serves as a key intermediate in the production of various bioactive molecules. The tert-butoxycarbonyl (Boc) protecting group in its structure is crucial for safeguarding the amino functionality during multi-step synthetic processes, ensuring selective reactions can occur without interference. Additionally, the oxetane ring in the molecule contributes to its stability and can enhance the pharmacokinetic properties of the final drug candidates. Its applications are often seen in the synthesis of protease inhibitors, antibiotics, and other therapeutic agents, making it a valuable building block in medicinal chemistry.