Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors and other bioactive molecules. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for constructing heterocyclic systems. Commonly employed in research settings to prepare derivatives with potential antiviral, anticancer, or anti-inflammatory activity. Also utilized in the design of prodrugs due to the presence of the hydroxyl and carbamate groups, which can be modified for improved solubility or metabolic stability.