Used as an intermediate in organic synthesis, particularly in the pharmaceutical industry for constructing complex molecules. Its hydroxyl and carbamate functional groups allow for selective protection and coupling reactions, making it valuable in peptide synthesis and the development of active pharmaceutical ingredients. The compound's ether linkage enhances solubility in polar solvents, facilitating its use in multi-step reactions under mild conditions. It is also employed in the preparation of specialty polymers and functionalized ligands for catalysis.