This chemical is primarily utilized in the synthesis of complex organic molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of peptides and peptidomimetics, which are essential for developing therapeutic agents. Its structure allows for selective protection and deprotection of functional groups, facilitating the stepwise construction of biologically active compounds. Additionally, it is employed in the preparation of chiral molecules, leveraging its stereochemistry to achieve high enantiomeric purity in the final products. This makes it valuable in the development of drugs targeting specific biological pathways with minimal side effects.