This compound is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the production of various bioactive compounds, including potential drug candidates. Its structure, featuring both a hydroxyl group and a carboxylic acid group, makes it valuable for constructing peptide-like structures or modifying existing molecules to enhance their biological activity. Additionally, the tert-butoxycarbonyl (Boc) protecting group allows for selective reactions, enabling precise control in multi-step synthetic processes. This chemical is often employed in the development of inhibitors, receptor modulators, and other therapeutic agents targeting specific biological pathways.