This compound is primarily utilized in organic synthesis as an intermediate for the preparation of more complex molecules, particularly in the pharmaceutical industry. Its structure, featuring a tert-butoxy group and a benzoate moiety, makes it suitable for use in asymmetric synthesis and the development of chiral compounds. It is often employed in the synthesis of active pharmaceutical ingredients (APIs) where stereochemistry plays a critical role in biological activity. Additionally, it can serve as a building block in the production of fine chemicals and specialty materials, contributing to the development of novel therapeutic agents or advanced materials with specific functional properties.