This compound is primarily utilized in organic synthesis as a versatile intermediate for the development of more complex molecules. Its structure, featuring both a hydroxyl group and a carboxylate ester, makes it a valuable building block in pharmaceutical research, particularly in the synthesis of indoline-based compounds. These compounds often serve as key precursors in the creation of biologically active molecules, including potential drugs targeting neurological disorders or cancer. Additionally, it can be employed in the preparation of agrochemicals, where indoline derivatives are known to exhibit herbicidal or pesticidal properties. The tert-butyl group enhances the stability of the molecule, facilitating its use in multi-step synthetic processes.