Used primarily in organic synthesis as a reagent for introducing the octyloxycarbonyl protecting group, particularly in the preparation of peptides and other sensitive molecules. It is also employed in the modification of polymers and surfaces to impart specific chemical properties. In analytical chemistry, it serves as a derivatization agent to enhance the detection of compounds in gas chromatography. Additionally, it finds application in the production of agrochemicals and pharmaceuticals, where it acts as an intermediate in the synthesis of active ingredients. Its reactivity with amines and alcohols makes it a versatile tool in various chemical transformations.