Is your goal to compute matrix-vector products involving this matrix? If this is the case, you could restructure the computation as follows. We have
$$\begin{bmatrix}I_n \otimes e_1 \newline I_n \otimes e_2 \newline \vdots \newline I_n \otimes e_T\end{bmatrix} x
= \begin{bmatrix}(I_n \otimes e_1)x \newline (I_n \otimes e_2)x \newline \vdots \newline (I_n \otimes e_T)x \end{bmatrix}.$$
Using e.g. equation (2) from the Van Loan paper "The ubiquitous Kronecker product" from 2000, we can write $(I_n \otimes e_i) x = \text{vec}(e_i x^\top)$ for each $i$. We therefore have
$$\begin{bmatrix}I_n \otimes e_1 \newline I_n \otimes e_2 \newline \vdots \newline I_n \otimes e_T\end{bmatrix} x =
\begin{bmatrix}
\text{vec}(e_1 x^\top) \newline \text{vec}(e_2 x^\top) \newline \vdots \newline \text{vec}(e_T x^\top)
\end{bmatrix}.$$
This avoids having to form the full Kronecker product.
That Van Loan paper I cited above contains lots of useful information about Kronecker products if you deal with them a lot.