Used primarily as an intermediate in organic synthesis, this compound plays a key role in the preparation of energetic materials and pharmaceuticals. Its nitromethyl functional group allows for further chemical transformations, such as reduction to an aminomethyl derivative, enabling its use in the development of bioactive molecules. It is also explored in the synthesis of cyclic derivatives with potential activity in medicinal chemistry. Due to its stability and reactivity profile, it serves as a building block in the design of complex molecules requiring a protected alcohol or a conformationally restricted ring system.