This chemical is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research and development. It serves as a key intermediate in the production of chiral compounds, which are essential for creating drugs with specific enantiomeric properties. Its structure allows it to participate in various organic reactions, such as esterification and coupling reactions, making it valuable for constructing active pharmaceutical ingredients (APIs). Additionally, it is employed in the development of prodrugs, where its tert-butoxy group can be cleaved to release the active drug molecule in a controlled manner. Its application extends to agrochemical research, where it aids in the design of novel pesticides and herbicides with improved efficacy and selectivity.