Used as a reagent in organic synthesis, particularly for introducing allyl or tert-butyl carbonate protecting groups in pharmaceutical and fine chemical manufacturing. It serves as a versatile intermediate in the preparation of complex molecules, including active pharmaceutical ingredients (APIs), due to its ability to selectively protect functional groups like alcohols and amines during multi-step reactions. Its reactivity under mild conditions makes it suitable for use in peptide synthesis and other sensitive transformations. Additionally, it finds application in polymer chemistry as a monomer or modifier to influence polymer properties such as solubility and thermal stability.