This compound is primarily utilized in peptide synthesis as a protected amino acid derivative. It serves as an activated ester, facilitating the coupling of amino acids during the formation of peptide bonds. The benzyloxycarbonyl (Cbz) group acts as a protecting group for the amine functionality, preventing unwanted side reactions during the synthesis process. Its chiral nature ensures the stereochemical integrity of the synthesized peptides, making it valuable in the production of biologically active peptides and pharmaceutical intermediates. Additionally, it is employed in organic synthesis for the preparation of complex molecules requiring precise control over stereochemistry and functional group manipulation.