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 production of various biologically active compounds, including protease inhibitors and other therapeutic agents. The presence of both the Cbz-protecting group and the hydroxymethyl functionality allows for selective modifications, making it a versatile building block in medicinal chemistry. Additionally, its chiral centers enable the creation of enantiomerically pure substances, which are crucial for the development of drugs with specific biological activities. Its application extends to peptide synthesis, where it aids in the construction of peptide chains with precise structural configurations.