Used primarily as an intermediate in organic synthesis, this compound plays a key role in the preparation of peptides and peptidomimetics. Its functional groups allow for selective modifications in multi-step reactions, particularly in the development of pharmaceutical agents. It is also employed in the synthesis of heterocyclic compounds and bioactive molecules where controlled nitrogen incorporation is required. Due to the presence of protected amine and carbamate functionalities, it serves as a building block in solid-phase synthesis and drug discovery research.