This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of complex organic molecules. It serves as a key intermediate in the production of biologically active compounds, including peptide-based drugs. Its structure, featuring a tert-butoxycarbonyl (Boc) protecting group, makes it valuable in peptide synthesis, where selective protection and deprotection of functional groups are essential. Additionally, the benzyloxy group enhances its solubility and reactivity in organic reactions, facilitating its use in medicinal chemistry for designing potential therapeutic agents. Its application is also observed in the study of enzyme inhibitors and receptor modulators, contributing to advancements in drug discovery.