This compound is primarily utilized in organic synthesis as an intermediate for the preparation of more complex molecules, particularly in the pharmaceutical industry. It serves as a key building block in the development of various biologically active compounds, including potential drug candidates. Its structure is often exploited in the synthesis of tetrahydroisoquinoline derivatives, which are known for their diverse pharmacological properties, such as antitumor, antiviral, and central nervous system activities. Additionally, the presence of the tert-butyl group and hydroxylmethyl functionality makes it a versatile reagent for further chemical modifications, enabling the creation of novel compounds with tailored properties for research and therapeutic applications.