Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the preparation of β-amino alcohols through ring-opening reactions. Its cyclic carbamate structure enables selective transformations in drug development, especially in the production of bioactive molecules and chiral building blocks. It also finds use in agrochemical synthesis due to its ability to introduce functionalized nitrogen-containing groups. The compound’s stability and reactivity profile make it suitable for catalytic asymmetric reactions, supporting green chemistry approaches in industrial processes.