This compound is primarily utilized in the pharmaceutical industry as an intermediate in the synthesis of complex organic molecules. It plays a crucial role in the development of peptidomimetics, which are compounds designed to mimic the structure and function of peptides. These peptidomimetics are often investigated for their potential therapeutic applications, including as inhibitors of specific enzymes or receptors involved in various diseases. Additionally, the compound's structure, featuring a protected amine group, makes it valuable in multi-step organic synthesis, where selective deprotection and further functionalization are required to build more complex drug candidates. Its application extends to research in medicinal chemistry, where it contributes to the discovery and optimization of new bioactive molecules.