This chemical is primarily utilized in organic synthesis as an intermediate for the preparation of more complex molecules. It is often employed in the pharmaceutical industry for the development of active pharmaceutical ingredients (APIs), where its tert-butoxy group can serve as a protective group or a reactive site for further chemical transformations. Additionally, it finds use in the synthesis of agrochemicals, contributing to the production of herbicides, insecticides, and fungicides. Its role in material science is also notable, particularly in the creation of specialized polymers and coatings that require specific chemical functionalities.