This chemical is primarily utilized in organic synthesis as a versatile intermediate. It is often employed in the preparation of more complex molecules, particularly in the pharmaceutical industry, where it serves as a building block for the development of active pharmaceutical ingredients (APIs). Its structure, featuring both a formyl group and a carbamate moiety, makes it valuable for constructing cyclopropane-containing compounds, which are significant in drug discovery due to their unique biological activities. Additionally, it can be used in the synthesis of peptidomimetics and other bioactive molecules, contributing to the development of potential therapeutic agents.