This compound is primarily used in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the production of peptide-based drugs, particularly those targeting specific biological pathways. Its structure is designed to protect reactive functional groups during complex chemical reactions, ensuring the integrity of the molecule. Additionally, it is utilized in the development of chiral compounds, where its stereochemistry plays a crucial role in achieving the desired enantiomeric purity. This makes it valuable in the synthesis of active pharmaceutical ingredients (APIs) with high specificity and efficacy.