This compound is primarily utilized in the synthesis of peptides and other complex organic molecules, serving as a key intermediate. Its structure, featuring both a benzyloxycarbonyl protecting group and a tert-butoxy moiety, makes it valuable in selective deprotection strategies during multi-step organic synthesis. It is particularly useful in the preparation of amino acid derivatives, where protection of the amino group is essential to prevent unwanted side reactions. Additionally, it finds application in the development of pharmaceutical compounds, where precise control over molecular assembly is critical. Its hydrate form ensures stability and ease of handling in laboratory settings.