Used in organic synthesis as a versatile intermediate for creating complex molecules, particularly in the development of pharmaceuticals and agrochemicals. It serves as a protective group for amines, enabling selective reactions in multi-step processes. Its structure allows for controlled release of active components in drug delivery systems. Additionally, it is employed in the preparation of polymers and coatings, enhancing their stability and performance. Its reactivity with various functional groups makes it valuable in research and industrial applications for designing novel compounds with specific properties.