This compound is primarily utilized in the field of organic synthesis, particularly in the development of pharmaceuticals and bioactive molecules. It serves as a key intermediate in the preparation of complex piperidine derivatives, which are often found in various therapeutic agents. The presence of both benzyloxycarbonyl and tert-butoxycarbonyl protecting groups allows for selective deprotection and functionalization, making it valuable in multi-step synthetic processes. It is commonly employed in the synthesis of peptide-based drugs, where precise control over amino acid modifications is required. Additionally, its structural features make it suitable for research in medicinal chemistry, especially in the design of compounds targeting neurological and inflammatory disorders.