This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of peptide-based drugs. Its structure, featuring both a hydroxyl group and a carboxylic acid group, makes it a versatile building block for constructing complex molecules. It is often employed in the preparation of protease inhibitors and other therapeutic agents targeting specific enzymatic pathways. Additionally, its benzyloxycarbonyl (Cbz) protecting group allows for selective deprotection during multi-step synthetic processes, enabling precise control over chemical modifications. This chemical is also explored in research for its potential role in creating novel bioactive compounds with applications in treating diseases such as cancer and viral infections.