This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure, featuring a fluorophenyl group, makes it valuable for developing compounds with enhanced binding affinity and selectivity towards specific receptors or enzymes. Researchers often employ it in the design and optimization of peptide-based drugs, where its chiral center ensures the desired stereochemistry in the final product. Additionally, its benzyloxycarbonyl (Cbz) protecting group allows for controlled deprotection during multi-step synthetic processes, making it a versatile building block in organic synthesis.