This compound is primarily used in organic synthesis and pharmaceutical research, particularly as an intermediate in the development of chiral molecules. Its structure, featuring a tert-butyl group, a hydroxy group, and a nitro group, makes it valuable for constructing complex molecules with specific stereochemistry. It is often employed in the synthesis of biologically active compounds, such as enzyme inhibitors or receptor modulators, where precise control over the molecular configuration is critical. Additionally, the nitro group can serve as a precursor for further chemical transformations, enabling the creation of diverse derivatives for drug discovery and development.