This compound is primarily utilized in the synthesis of peptides and other biologically active molecules, serving as a protected amino acid derivative. Its tert-butoxy group provides stability during chemical reactions, making it valuable in organic synthesis. It is often employed in the preparation of chiral intermediates for pharmaceuticals, particularly in the development of drugs targeting neurological and cardiovascular conditions. The hydrochloride salt form enhances its solubility, facilitating its use in aqueous reaction conditions. Additionally, it plays a role in the production of specialized polymers and materials with tailored properties for industrial applications.