This compound is primarily used in organic synthesis and pharmaceutical research as a building block for the preparation of more complex molecules. It serves as a key intermediate in the development of peptides and peptidomimetics, where the tert-butoxycarbonyl (Boc) group acts as a protective group for the amine functionality during chemical reactions. Its cyclopropane ring structure is particularly valuable in drug discovery, as it can introduce conformational rigidity, potentially enhancing the biological activity and stability of the target compounds. Additionally, it is employed in the synthesis of small molecule inhibitors and bioactive compounds, contributing to the exploration of new therapeutic agents.