Used as a key intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the preparation of anticoagulant and anti-inflammatory agents. It serves as a building block in organic synthesis due to its cyclic carbonate structure, which can undergo ring-opening reactions to form functionalized derivatives. Also employed in the development of biodegradable polymers and as a reagent in carboxylation reactions. Its stability and reactivity make it valuable in research laboratories for constructing complex organic molecules.