This chemical is primarily utilized in organic synthesis as a versatile intermediate. It plays a significant role in the preparation of phosphonate derivatives, which are essential in the development of biologically active compounds. Its application extends to the synthesis of peptide mimetics, where it helps in mimicking the structure and function of peptides, aiding in drug discovery and development. Additionally, it is employed in the creation of agrochemicals, contributing to the formulation of pesticides and herbicides. Its phosphoryl and acetamido groups make it a valuable building block in medicinal chemistry for designing molecules with potential therapeutic properties.