This compound is primarily utilized in the field of organic synthesis, particularly as an intermediate in the production of more complex molecules. Its structure, featuring a benzyl group and a tert-butyl ester, makes it a valuable building block in the synthesis of pharmaceuticals, especially those targeting neurological and cardiovascular diseases. The stereochemistry of the molecule is crucial for its application in asymmetric synthesis, where it aids in the creation of chiral compounds with high enantiomeric purity. Additionally, it is employed in the development of peptidomimetics, which are used to mimic the structure and function of peptides, offering potential therapeutic applications in drug discovery.