Used as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. It serves as a protecting group for amines due to the carbamate functionality, allowing selective reactions at other sites in a molecule. The presence of the double bond enables further transformations such as hydrogenation, epoxidation, or cross-coupling reactions. Its benzyl group can be easily removed under mild conditions, making it valuable in multi-step synthesis where controlled deprotection is required. Also finds use in the preparation of bioactive molecules and functional materials.