This chemical is primarily utilized in organic synthesis as a versatile intermediate for the preparation of various compounds, particularly in the pharmaceutical and agrochemical industries. It serves as a key building block in the synthesis of complex molecules, often contributing to the formation of carbamate derivatives, which are essential in drug development. Its structure allows it to act as a protective group for amines during multi-step synthetic processes, ensuring selective reactivity. Additionally, it is employed in the creation of active pharmaceutical ingredients (APIs) and other biologically active compounds, where its stability and reactivity make it a valuable component in the design of therapeutic agents.