Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and bioactive molecules. Its structure contains both hydroxyl and carbamate functional groups, making it suitable for use in protection-deprotection strategies during peptide or heterocycle synthesis. Commonly employed in the development of kinase inhibitors and other medicinal agents where controlled reactivity and solubility are required. Also utilized in the synthesis of agrochemicals and specialty polymers due to its ability to introduce functionalized alkyl chains.