This compound is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research and development. It serves as a key intermediate in the preparation of various biologically active compounds, including potential drug candidates. Its structure, featuring both a Cbz-protecting group and a hydroxyl group, makes it valuable for constructing piperidine-based frameworks, which are common in many therapeutic agents. The compound is often employed in medicinal chemistry to explore structure-activity relationships (SAR) and optimize drug efficacy. Additionally, it is used in peptide chemistry and as a building block for designing inhibitors or modulators of specific biological targets. Its versatility in organic synthesis makes it a valuable tool for chemists working on drug discovery and development projects.