This compound is primarily utilized in the field of organic synthesis, particularly as an intermediate in the production of pharmaceuticals. It plays a crucial role in the development of active pharmaceutical ingredients (APIs), where it is often involved in the construction of complex molecular structures. Its functional groups, including the carbamate moiety, make it a valuable building block for modifying and protecting amine groups during multi-step synthetic processes. Additionally, it finds application in the research and development of new drugs, especially in the synthesis of compounds targeting neurological and inflammatory disorders. Its stability and reactivity make it a preferred choice for chemists working on drug discovery and medicinal chemistry projects.