Used primarily as an intermediate in organic synthesis, this compound plays a key role in the production of various pharmaceuticals and specialty chemicals. Its structure is particularly valuable in the development of complex molecules, often serving as a building block for active pharmaceutical ingredients (APIs). Additionally, it finds application in the synthesis of fine chemicals, where its tert-butoxy group can act as a protective moiety during multi-step reactions. The compound is also utilized in research and development for creating novel compounds with potential biological activity.