This chemical is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the preparation of more complex molecules. Its structure, featuring multiple functional groups, makes it particularly valuable in the development of pharmaceuticals and bioactive compounds. The presence of benzyloxycarbonyl and carboxylic acid groups allows for selective modifications, enabling chemists to tailor the molecule for specific applications. It is often employed in the synthesis of peptide-based drugs, where its reactive sites facilitate the formation of stable bonds with other amino acids or drug components. Additionally, its unique properties make it suitable for use in the creation of biodegradable polymers, contributing to advancements in environmentally friendly materials. In research, it is also used as a building block for studying molecular interactions and designing novel therapeutic agents.