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 various biologically active compounds, including potential drug candidates. Its structure, featuring both a carbamate group and a hydroxymethyl group, makes it valuable for constructing specific stereochemical configurations required in medicinal chemistry. Additionally, it is often employed in peptide synthesis and the development of enzyme inhibitors, contributing to advancements in therapeutic treatments for diseases such as cancer and infections. Its role in creating chiral centers also aids in the design of molecules with enhanced efficacy and reduced side effects.