This chemical is primarily utilized in organic synthesis as a protective group for amines, particularly in the preparation of pharmaceuticals and fine chemicals. It is often employed to temporarily shield the amine functionality during complex reactions, ensuring selective transformations without interference. Additionally, it serves as an intermediate in the development of active pharmaceutical ingredients (APIs), especially in the synthesis of compounds targeting neurological and cardiovascular disorders. Its stability and ease of removal under mild conditions make it a valuable tool in medicinal chemistry and drug discovery processes.