This chemical is primarily used in organic synthesis as a building block for the preparation of more complex molecules. It serves as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of peptide-based drugs. The benzyloxycarbonyl (Cbz) group acts as a protective group for amines, ensuring selective reactions during multi-step synthetic processes. Additionally, it finds application in the production of polymers and resins, where it contributes to the modification of material properties. Its aromatic structure also makes it useful in the creation of dyes and pigments for industrial applications.