Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of drugs requiring selective functionalization of amine groups. Its structure allows for protection of the amine during multi-step reactions, enabling controlled deprotection in the presence of other reactive sites. Commonly employed in the preparation of bioactive molecules, including those with central nervous system activity or anti-inflammatory properties. The hydroxymethyl group provides a handle for further chemical modification, such as conjugation or attachment to delivery systems, enhancing solubility or targeting in drug design.