Primarily used in organic synthesis, this compound serves as a key intermediate in the production of peptides and peptidomimetics. Its Boc-protected amino group allows for selective deprotection, making it valuable in solid-phase peptide synthesis. Additionally, it is employed in the development of pharmaceutical agents, particularly in the creation of protease inhibitors and other bioactive molecules. Its rigid indane structure contributes to the stabilization of peptide conformations, enhancing the efficacy of designed compounds.