This compound is primarily utilized in organic synthesis as an intermediate for the preparation of more complex molecules. It is often employed in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) where the tert-butyl group serves as a protecting group for amines or alcohols. Additionally, it finds use in the production of specialty chemicals, including polymers and coatings, where its functional groups can be modified to achieve desired properties. Its role in research and development is significant, especially in the exploration of new drug candidates and materials with specific biological or physical characteristics.