This chemical is primarily used in organic synthesis and pharmaceutical research. It serves as a key intermediate in the preparation of various biologically active compounds, particularly in the development of drugs targeting the central nervous system. Its structure allows for further functionalization, making it valuable in creating complex molecules for medicinal chemistry. Additionally, it is employed in peptide synthesis, where the benzyloxycarbonyl group acts as a protecting group for amines, ensuring selective reactions during the synthesis process. Its applications extend to the study of enzyme inhibitors and receptor modulators, contributing to advancements in therapeutic drug design.