This compound is primarily utilized in the synthesis of pharmaceuticals, particularly as an intermediate in the production of chiral drugs. Its structure, featuring a tert-butoxycarbonyl (Boc) protecting group and diphenyl moieties, makes it valuable in peptide synthesis and the development of biologically active molecules. The chiral center allows for the creation of enantiomerically pure compounds, which is crucial in designing drugs with specific therapeutic effects and reduced side effects. Additionally, it is employed in research settings for studying enzymatic reactions and receptor binding due to its ability to mimic natural substrates. Its stability and reactivity also make it a useful building block in organic chemistry for constructing complex molecular architectures.