This compound is primarily utilized in organic synthesis and pharmaceutical research as a key intermediate. It plays a significant role in the development of various biologically active molecules, particularly in the synthesis of heterocyclic compounds. Its structure, featuring both a formyl group and a carbamate moiety, makes it a versatile building block for constructing complex molecules. It is often employed in the preparation of potential drug candidates, especially those targeting enzymes or receptors in therapeutic areas such as oncology, inflammation, and infectious diseases. Additionally, its application extends to material science, where it can be used to develop novel organic materials with specific properties.