This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly in the synthesis of complex organic compounds and drug candidates. Its structure, featuring both a benzyloxycarbonyl protecting group and a carboxylic acid functional group, makes it valuable for constructing peptide-like structures or modifying existing molecules. Researchers often employ it in the preparation of pyrrolidine-based derivatives, which are of interest due to their potential therapeutic applications, such as enzyme inhibition or receptor modulation. Additionally, its stability and reactivity make it suitable for use in multi-step synthetic processes, where selective transformations are required.