This compound is primarily utilized in the synthesis of peptides and other biologically active molecules due to its role as a protected amino acid derivative. Its structure, featuring a benzyloxycarbonyl (Cbz) protecting group, makes it valuable in organic synthesis, particularly in peptide chemistry, where selective deprotection is required. The compound is often employed in the preparation of chiral intermediates, enabling the production of enantiomerically pure substances. Additionally, its methoxy and carboxyl groups enhance its reactivity in coupling reactions, making it a useful building block in the development of pharmaceuticals and fine chemicals.