This compound 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 various biologically active compounds, including peptide-based drugs. Its structure, featuring both benzyloxycarbonyl and tert-butoxycarbonyl protecting groups, makes it valuable in multi-step organic synthesis, where selective deprotection is required. Additionally, it is employed in the development of protease inhibitors and other therapeutic agents targeting specific enzymes or receptors. Its chiral nature also makes it useful in the preparation of enantiomerically pure substances, which are critical in drug development to ensure efficacy and reduce side effects.