Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and other bioactive molecules. Its structure allows for selective modifications, making it valuable in medicinal chemistry for optimizing drug candidates. Commonly employed in research settings to introduce functionalized alkyl chains into target molecules, enhancing solubility or binding affinity. Also utilized in the preparation of prodrugs due to the presence of hydroxyl and carbamate groups, which can be tailored for controlled release.