This compound is primarily utilized in the synthesis of peptides and peptidomimetics, where it serves as a key intermediate. Its structure, featuring a protected amine group (tert-butoxycarbonyl) and a hydroxyl group, makes it valuable for constructing complex molecules with specific stereochemistry. It is often employed in the development of pharmaceuticals, particularly in the creation of protease inhibitors and other bioactive compounds that target enzymes. Additionally, its chiral centers are crucial for designing drugs with high selectivity and efficacy, making it a valuable building block in medicinal chemistry.