Used in organic synthesis as a protected intermediate in the preparation of biologically active compounds, particularly in pharmaceuticals targeting inflammatory and neurodegenerative diseases. Its biphenyl structure with a phenolic hydroxyl and a carbamate-protected amine makes it valuable in medicinal chemistry for building blocks in drug design. Commonly employed in the development of kinase inhibitors and receptor modulators due to its stability and selective reactivity. Also utilized in solid-phase synthesis and combinatorial chemistry for generating compound libraries.