Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. It serves as a protecting group for alcohols and phenols due to its stability under various reaction conditions. Also employed in the development of liquid crystals and functional materials where aromatic carbonate moieties enhance thermal and oxidative stability. Its naphthalene core contributes to π-π stacking in supramolecular chemistry, useful in sensor design and material science applications.