Used as a protecting group in organic synthesis, particularly for hydroxyl groups in the preparation of nucleosides and nucleotides. It is essential in the synthesis of oligonucleotides, where it helps in the selective protection of specific sites during chemical reactions. This compound is also employed in the production of pharmaceuticals and fine chemicals, ensuring precise control over molecular modifications. Its application in peptide and carbohydrate chemistry further highlights its role in creating complex molecular structures with high specificity.