Used in the synthesis of bioactive compounds, particularly in pharmaceutical research for developing potential therapeutic agents. It serves as a key intermediate in the production of molecules with anti-inflammatory or anti-cancer properties. Its phosphinoyl group enhances stability and reactivity, making it valuable in organic synthesis. Additionally, it is employed in the development of prodrugs, which improve drug delivery and bioavailability. Its application extends to materials science, where it contributes to the creation of advanced polymers with specific functional properties.