This compound is primarily utilized in the field of organic synthesis, particularly as an intermediate in the development of more complex molecules. Its structure, featuring both a sulfonyl and a carboxylate group, makes it valuable for constructing pharmacologically active compounds, especially in the pharmaceutical industry. It is often employed in the synthesis of azetidine derivatives, which are known for their potential therapeutic applications, including as building blocks for drugs targeting neurological and inflammatory conditions. Additionally, its stability and reactivity make it suitable for use in peptide coupling reactions and as a precursor in the preparation of biologically active molecules.