This chemical is primarily utilized in organic synthesis as a protecting group for alcohols and phenols. Its ability to form stable carbonate esters makes it valuable in multi-step synthetic processes, where selective protection and deprotection of functional groups are required. Additionally, it is used in the preparation of intermediates for pharmaceuticals and agrochemicals, particularly in reactions involving nitrophenyl derivatives. Its stability under various conditions allows for its application in controlled-release formulations and as a reagent in polymer chemistry for modifying surface properties.