This compound is primarily utilized in organic synthesis as a key intermediate in the preparation of more complex molecules. It is often employed in the pharmaceutical industry for the development of active pharmaceutical ingredients (APIs), particularly in the synthesis of morpholine derivatives. These derivatives are significant in the creation of various therapeutic agents, including those with potential anti-inflammatory, antiviral, or anticancer properties. Additionally, it serves as a building block in peptide chemistry, where it aids in the protection of functional groups during multi-step synthetic processes. Its role in facilitating efficient and selective chemical transformations makes it valuable in research and industrial applications.