This compound is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the production of various biologically active compounds, including potential drug candidates. The tert-butoxycarbonyl (Boc) protecting group ensures selective reactions during synthesis, while the hydroxyl and carboxylate functional groups provide sites for further chemical modifications. Its application is significant in the development of piperidine-based therapeutics, which are often explored for their pharmacological properties, such as enzyme inhibition or receptor modulation. Additionally, it is employed in peptide chemistry and medicinal chemistry projects to construct intricate molecular structures with high precision.