This compound is primarily used in the synthesis of pharmaceuticals and bioactive molecules. It serves as a key intermediate in the production of peptide-based drugs, particularly those targeting neurological and inflammatory conditions. The presence of the tert-butoxycarbonyl (Boc) protecting group allows for selective reactions during peptide synthesis, ensuring the integrity of the amino acid structure. Additionally, the 4-hydroxyphenyl group contributes to its role in creating compounds with potential antioxidant properties. Its application extends to research and development in medicinal chemistry, where it is utilized to design and optimize drug candidates with improved efficacy and stability.