This chemical is primarily utilized in the synthesis of complex organic molecules, particularly in the field of medicinal chemistry and drug development. It serves as a key intermediate in the preparation of targeted compounds, especially those involving peptide-based structures. Its functional groups, such as the formyl and carbamate moieties, make it suitable for conjugation reactions, enabling the attachment of various bioactive molecules or drug delivery systems. Additionally, it is often employed in the development of prodrugs or biodegradable polymers, where its structure allows for controlled release mechanisms. Its application is also seen in the design of linkers for bioconjugation, facilitating the attachment of drugs to antibodies or other targeting agents in antibody-drug conjugates (ADCs).