This chemical is primarily used in the field of organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. It serves as a key building block in the development of compounds with potential biological activity, particularly in the synthesis of carbamate derivatives. These derivatives are often explored for their pesticidal or herbicidal properties, making it valuable in agricultural research. Additionally, it may be utilized in the study of enzyme inhibition, as carbamate compounds are known to interact with enzymes like acetylcholinesterase. Its role in the development of novel therapeutic agents is also under investigation, particularly in the design of drugs targeting neurological disorders.