This chemical is primarily used in organic synthesis as a building block for more complex molecules. It serves as a key intermediate in the preparation of peptides and other biologically active compounds. Its structure, featuring both ester and carbamate functional groups, makes it suitable for protecting amine groups during multi-step synthetic processes. Additionally, it is utilized in pharmaceutical research for the development of drug candidates, particularly in the modification of amino acid derivatives. Its stability and reactivity allow for precise control in chemical transformations, making it valuable in medicinal chemistry and biochemistry applications.