This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly in the synthesis of piperidine-based compounds. Its structure, featuring both acetylthio and tert-butyl carboxylate groups, makes it valuable for constructing complex molecules with potential therapeutic applications. It is often employed in medicinal chemistry for the design and optimization of drug candidates, especially those targeting neurological disorders or acting as enzyme inhibitors. Additionally, its stability and reactivity make it suitable for use in controlled chemical transformations, aiding in the production of high-purity compounds for further study.