This compound is widely used in organic synthesis, particularly in the pharmaceutical industry, as a key intermediate for the preparation of various biologically active molecules. It serves as a chiral building block in the synthesis of complex organic compounds, especially those targeting central nervous system disorders. Its applications include the development of drugs for treating conditions such as hypertension, depression, and anxiety. Additionally, it is utilized in peptide coupling reactions due to its carboxybenzyl (Cbz) protecting group, which can be easily removed under mild conditions. This makes it valuable in the production of peptides and peptidomimetics, which are essential in drug discovery and development.