Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmaceuticals and bioactive compounds. Its structure is particularly valuable in the development of molecules with potential therapeutic properties, such as antimicrobial and anticancer agents. Additionally, it is employed in the synthesis of heterocyclic compounds, which are crucial in medicinal chemistry for designing drugs with improved efficacy and selectivity. Its benzyloxy group also makes it useful in protecting strategies during complex synthetic routes.