Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceutical compounds and functionalized polymers. Its hydroxyl and carbamate groups allow for selective chemical modifications, making it valuable in drug development where controlled release or targeted delivery systems are needed. Commonly employed in the construction of complex molecules requiring orthogonal protection strategies, especially in peptide and peptidomimetic synthesis. Also utilized in the design of biocompatible materials and prodrugs due to its stability and ability to undergo enzymatic or chemical cleavage under specific conditions.