This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of complex molecules, particularly in the production of peptidomimetics and other bioactive compounds. Its structure is often exploited in the design of protease inhibitors, which are crucial in treating diseases such as HIV and hepatitis C. Additionally, it is employed in the preparation of chiral building blocks for drug discovery, aiding in the creation of enantiomerically pure substances. Its tert-butoxycarbonyl (Boc) protecting group makes it particularly valuable in peptide synthesis, allowing for selective deprotection and further functionalization.