This compound is primarily used in the field of peptide synthesis, where it serves as a protecting group for amino acids. The fluorenylmethoxycarbonyl (Fmoc) group is particularly valuable because it can be easily removed under mild basic conditions, allowing for the stepwise construction of peptides without disrupting other sensitive functional groups. The oxetane ring in the structure provides additional stability and can influence the solubility and reactivity of the compound, making it useful in the synthesis of complex peptides and small molecules. It is also employed in the development of pharmaceuticals, where precise control over molecular assembly is crucial for creating bioactive compounds with high specificity and efficacy. Additionally, its unique structure can be leveraged in materials science for designing polymers with tailored properties.