This compound is primarily utilized in the synthesis of beta-lactam antibiotics, particularly in the development of cephalosporin derivatives. It serves as a key intermediate in the production of antibiotics that target bacterial infections. The benzhydryl ester group in the molecule enhances its stability during chemical reactions, making it suitable for complex synthetic processes. Its application is crucial in pharmaceutical research and manufacturing, where it aids in creating effective antibacterial agents to combat resistant strains of bacteria. Additionally, it is used in academic and industrial laboratories for studying the structure-activity relationships of beta-lactam compounds.