Used as a reagent in organic synthesis, particularly for the protection of amines and alcohols. It facilitates the formation of carbamate derivatives, which are crucial intermediates in the production of pharmaceuticals and agrochemicals. Additionally, it is employed in peptide synthesis to modify amino acids, enhancing the stability and functionality of the resulting peptides. Its application extends to the development of specialty chemicals and materials, where it acts as a key building block in the creation of complex molecular structures.