Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of chiral compounds, aiding in the development of enantiomerically pure drugs. It is also employed in the preparation of peptide-based therapeutics, where its carbamate group plays a crucial role in protecting functional groups during complex synthesis processes. Additionally, it finds application in the study of enzyme inhibitors and receptor modulators, contributing to advancements in medicinal chemistry.