This chemical is primarily utilized in the synthesis of pharmaceuticals and agrochemicals. It serves as an intermediate in the production of various active compounds, particularly those targeting neurological and metabolic disorders. Its structure allows for the introduction of carbamate groups, which are crucial for enhancing the biological activity and stability of the final products. Additionally, it is employed in research and development for designing novel drug candidates, leveraging its reactivity to create complex molecules with potential therapeutic applications. Its role in organic synthesis also extends to the preparation of specialized polymers and coatings, where it contributes to improved material properties.