Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting neurological and cardiovascular disorders. It plays a role in the production of active pharmaceutical ingredients (APIs) for treatments such as antihypertensive and anti-inflammatory medications. Additionally, it is utilized in organic chemistry research for the preparation of complex molecules, including heterocyclic compounds, which are essential in medicinal chemistry. Its methoxycarbonyl group makes it a versatile building block for modifying and enhancing drug properties.