This compound is primarily used in organic synthesis as an intermediate for the preparation of more complex molecules. Its applications include:

1. Pharmaceutical Research: It serves as a key building block in the synthesis of various drug candidates, particularly those targeting neurological and cardiovascular diseases. The Boc (tert-butoxycarbonyl) protecting group allows for selective reactions, enabling the creation of specific pharmacophores.
2. Peptide Chemistry: It is utilized in the synthesis of modified peptides, where the hydroxyl and carboxyl groups can be further functionalized to introduce specific structural or functional properties.
3. Chemical Biology: The compound is employed in the development of probes and inhibitors for studying biological pathways, leveraging its ability to mimic natural structures.
4. Material Science: It can be used in the design of novel polymers or coatings, where its functional groups contribute to the material's properties, such as adhesion or biocompatibility.
5. Agrochemical Development: It acts as an intermediate in the synthesis of pesticides or herbicides, where its structural features are modified to enhance efficacy and selectivity.