Used primarily in organic synthesis as an alkylating agent, it facilitates the introduction of the 2-(benzyloxy)ethyl group into various molecules. This compound is particularly valuable in the preparation of pharmaceuticals, where it helps in modifying the structure of drug candidates to enhance their efficacy or stability. Additionally, it finds application in the development of specialty chemicals, including surfactants and polymers, where its reactive sulfonate ester group enables the creation of complex structures with specific functional properties. Its role in research and development is crucial for advancing new materials and therapeutic agents.