Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and biologically active compounds. Its structure allows for further functionalization, making it valuable in the development of drug candidates, especially in the design of prodrugs or compounds targeting central nervous system disorders. The presence of both carbamate and aldehyde-like reactivity enables selective reactions in multi-step synthetic pathways. It may also serve in the creation of specialty chemicals requiring controlled release or reversible binding properties.