This compound is primarily used in organic synthesis as a building block for more complex molecules. It serves as a key intermediate in the preparation of peptides and peptidomimetics, where the tert-butoxycarbonyl (Boc) group acts as a protective group for amines during synthesis. The ethoxy and oxo groups make it a versatile reagent for introducing specific functional groups into target molecules. It is particularly valuable in medicinal chemistry for designing and synthesizing bioactive compounds, including potential pharmaceuticals. Additionally, its structure allows for further modifications, making it useful in the development of polymers and materials with tailored properties.