This compound is primarily used in organic synthesis as a versatile building block for the development of more complex molecules. Its structure, featuring both ester and hydroxyl functional groups, makes it valuable in the preparation of pharmaceuticals, particularly in the synthesis of azetidine-containing drugs. Azetidine rings are of significant interest in medicinal chemistry due to their role in enhancing the biological activity and metabolic stability of drug candidates. Additionally, the tert-butyl and ethyl ester groups provide opportunities for selective modifications, enabling the creation of tailored intermediates for further chemical transformations. Its application extends to the field of polymer chemistry, where it can be utilized to synthesize specialized monomers for advanced materials.