This chemical is primarily used in organic synthesis as a building block for more complex molecules. It is often employed in the preparation of pharmaceutical intermediates, particularly in the development of drugs targeting neurological and cardiovascular conditions. Its structure, featuring a hydroxyl group and a carbamate moiety, makes it a versatile precursor for modifying and protecting functional groups during multi-step synthetic processes. Additionally, it is utilized in the production of specialty chemicals and polymers, where its stability and reactivity are advantageous in creating tailored materials with specific properties.