This chemical is primarily utilized in the pharmaceutical and organic synthesis industries. It serves as a key intermediate in the production of various bioactive compounds, particularly those targeting therapeutic applications. Its structure, featuring a benzyloxy group and a carbamate moiety, makes it suitable for the development of drugs with specific biological activities, such as enzyme inhibitors or receptor modulators. Additionally, it is employed in the synthesis of chiral molecules, where its stereochemistry plays a crucial role in achieving desired pharmacological properties. Researchers also use it in the preparation of complex organic molecules for drug discovery and development processes.