Used primarily as an intermediate in the synthesis of pharmaceuticals, particularly in the development of oxime-based compounds with potential biological activity. It serves as a building block in the preparation of certain enzyme inhibitors and neuroprotective agents. Its hydroxyimino and carbamate functionalities make it suitable for research in prodrug design and controlled release systems. Also explored in agrochemical research for the development of novel pesticides due to its ability to modulate metabolic stability in active ingredients.