This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of complex molecules, particularly in the synthesis of peptides and peptidomimetics. The presence of the tert-butoxycarbonyl (Boc) protecting group makes it valuable in multi-step synthetic processes, where selective deprotection is required. Its bicyclic structure contributes to the rigidity and stability of the final compounds, which is beneficial in drug design for targeting specific biological pathways. Additionally, it is employed in the preparation of chiral catalysts and ligands used in asymmetric synthesis, enhancing the efficiency and selectivity of chemical reactions.