This compound is widely used in the synthesis of peptides and other organic molecules, particularly as a protected amino acid derivative. It serves as a key intermediate in the preparation of complex molecules, ensuring the amino group remains protected during reactions. Its application is significant in pharmaceutical research, where it aids in the development of peptide-based drugs. Additionally, it is utilized in the production of chiral compounds, contributing to the synthesis of enantiomerically pure substances. Its stability and compatibility with various organic reactions make it a valuable tool in medicinal chemistry and drug discovery processes.