This chemical is primarily utilized in the synthesis of complex organic molecules, particularly in pharmaceutical research and development. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs), especially those targeting neurological and metabolic disorders. Its structure, featuring a protected hydroxyl group and a carbamate moiety, makes it valuable for constructing specific molecular frameworks with high precision. Additionally, it is employed in the development of glycosidase inhibitors, which are crucial in treating conditions like diabetes and viral infections. Its stability and reactivity also make it suitable for use in peptide synthesis and other advanced organic transformations.