This compound is primarily utilized in organic synthesis, particularly in the pharmaceutical industry, as a key intermediate in the production of various active pharmaceutical ingredients (APIs). It is often employed in the synthesis of piperidine derivatives, which are crucial building blocks for numerous drugs, including those targeting neurological and cardiovascular disorders. The N-Cbz (carbobenzyloxy) protecting group in the molecule allows for selective reactions, enabling the precise construction of complex molecular structures. Additionally, it finds application in peptide synthesis, where it aids in the protection of amine groups during the formation of peptide bonds. Its versatility and stability make it a valuable reagent in medicinal chemistry and drug development processes.