This compound is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research. It serves as a key intermediate in the development of biologically active compounds, including potential drug candidates. Its structure, featuring a benzyloxy group and a carbamate moiety, makes it valuable for constructing molecules with specific stereochemistry and functional groups. It is often employed in peptide chemistry and medicinal chemistry projects, where precise control over molecular architecture is crucial. Additionally, its chloro and hydroxy groups provide reactive sites for further chemical modifications, enabling the creation of diverse derivatives for biological evaluation.