This chemical is primarily utilized in the synthesis of pharmaceutical compounds, particularly in the development of prodrugs. It serves as a protective group for amines during chemical reactions, ensuring selective modification of other functional groups in complex molecules. Its structure is advantageous in creating derivatives that enhance drug delivery and stability, often used in the preparation of active pharmaceutical ingredients (APIs) for therapeutic applications. Additionally, it plays a role in organic synthesis, facilitating the production of intermediates for further chemical transformations in medicinal chemistry.