This compound is primarily utilized in the synthesis of biologically active molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of peptide-based drugs, where it aids in the protection of amino groups during complex chemical reactions. Its structure is particularly valuable in the development of chiral compounds, ensuring high enantiomeric purity in the final products. Additionally, it is employed in research settings for the study of enzyme inhibitors and receptor ligands, contributing to advancements in drug discovery and development. Its stability and reactivity make it a versatile building block in organic synthesis, particularly in the construction of complex molecular architectures.