This compound is primarily utilized in the field of organic synthesis, particularly in peptide chemistry. It serves as a key intermediate in the production of complex peptide structures, where it aids in the protection of functional groups during synthesis. The fluorenylmethyl group acts as a protecting group for amines, ensuring selective reactivity and preventing unwanted side reactions. Its stereochemistry is crucial for the synthesis of enantiomerically pure compounds, making it valuable in the development of pharmaceuticals and bioactive molecules. Additionally, it is employed in the preparation of peptidomimetics and other biologically active compounds, contributing to advancements in drug discovery and medicinal chemistry.