This compound is primarily used in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the development of peptide-based drugs and bioactive compounds. Its structure, featuring a protected amino group and a phenolic moiety, makes it valuable for constructing molecules with specific biological activities, such as enzyme inhibitors or receptor modulators. Additionally, it is utilized in the preparation of advanced materials and polymers, where its functional groups contribute to the desired chemical properties. Its role in medicinal chemistry is significant, often aiding in the creation of targeted therapies for various diseases.