This compound is primarily used in organic synthesis, particularly in the production of complex molecules in pharmaceutical research. It serves as a key intermediate in the development of peptide-based drugs, where its structure allows for selective modifications. The presence of the tert-butoxycarbonyl (Boc) group protects the amine functionality during synthetic processes, ensuring controlled reactions. Additionally, the iodo and methoxy substituents on the phenyl ring make it a versatile building block for further functionalization, such as cross-coupling reactions, which are crucial in creating biologically active compounds. Its application is significant in the synthesis of targeted therapeutics, including enzyme inhibitors and receptor modulators.