This compound is primarily used in organic synthesis as an intermediate in the production of more complex molecules. It finds application in the pharmaceutical industry, where it serves as a building block for the synthesis of active pharmaceutical ingredients (APIs). Its structure, featuring both a tert-butoxycarbonyl (Boc) protecting group and a nicotinate ester, makes it valuable in peptide synthesis and the development of heterocyclic compounds. Additionally, it is utilized in research settings for the preparation of biologically active compounds, particularly those targeting neurological and cardiovascular diseases. Its stability and reactivity make it a versatile reagent in medicinal chemistry.