Used as an intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the development of active pharmaceutical ingredients (APIs) requiring protected amine functionalities. Its structure allows for selective reactions in multi-step syntheses, making it valuable in creating complex drug molecules. Commonly employed in the preparation of beta-blockers and other cardiovascular drugs due to its ability to modulate solubility and stability during synthesis. Also utilized in the production of specialty polymers and surfactants where controlled hydrophilicity and biodegradability are desired.