Widely used in organic synthesis as a protecting group for amines, particularly in peptide chemistry, to prevent unwanted reactions during complex molecule construction. It serves as an intermediate in the production of pharmaceuticals, enabling the development of active compounds by safeguarding reactive sites. Additionally, it is employed in the synthesis of agrochemicals and other specialty chemicals, where selective protection and deprotection of functional groups are critical. Its stability under various reaction conditions makes it a valuable tool in multi-step synthetic processes.