This chemical is primarily used in the synthesis of complex organic molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the production of peptides and other bioactive compounds. The presence of both the tert-butoxycarbonyl (Boc) protecting group and the hydroxyl group makes it valuable for selective reactions, allowing for precise control in multi-step synthetic processes. It is often employed in the development of drugs targeting neurological disorders, cancer, and cardiovascular diseases. Additionally, its chiral nature is crucial for creating enantiomerically pure substances, which are essential for ensuring the efficacy and safety of therapeutic agents.