This compound is primarily used in organic synthesis as an intermediate in the production of more complex molecules. Its structure, featuring both a tert-butyl ester group and a hydroxymethyl group, makes it a versatile building block in the development of pharmaceuticals, agrochemicals, and specialty chemicals. The tert-butyl group provides steric protection, while the hydroxymethyl group can be further functionalized, enabling its use in coupling reactions or as a precursor for polymers and coatings. It is also employed in the synthesis of liquid crystals and advanced materials due to its ability to modify molecular properties. Additionally, it serves as a key reagent in the preparation of active pharmaceutical ingredients (APIs) and fine chemicals, where precise structural modifications are required.