This chemical is primarily utilized in organic synthesis as a reagent for the protection of hydroxyl groups. It is particularly effective in the selective protection of alcohols, enabling chemists to perform reactions on other functional groups without interference. The compound is also employed in the development of advanced materials, where it serves as a building block for creating complex molecular architectures. Additionally, it finds application in the synthesis of pharmaceuticals, where its ability to form stable intermediates is crucial for the production of active pharmaceutical ingredients (APIs). Its use in polymer chemistry is notable as well, where it contributes to the modification of polymer properties through targeted chemical reactions.