This compound is primarily utilized in the pharmaceutical and organic synthesis fields. It serves as a key intermediate in the production of complex molecules, particularly in the development of drugs targeting specific biological pathways. Its structure, featuring a benzyloxy group and a carbamate moiety, makes it suitable for constructing pharmacologically active compounds, especially those involving chiral centers. Researchers often employ it in the synthesis of potential therapeutic agents, including enzyme inhibitors or receptor modulators, due to its ability to introduce specific functional groups into target molecules. Additionally, its stability and reactivity make it a valuable building block in medicinal chemistry for creating analogs and derivatives with optimized biological activity.