This chemical is primarily used in organic synthesis as a protecting group for amines. Its application is crucial in peptide synthesis, where it safeguards the amine functionality during the reaction process, preventing unwanted side reactions. Additionally, it serves as an intermediate in the production of various pharmaceuticals, enabling the development of drugs with improved efficacy and stability. Its role in facilitating complex chemical transformations makes it valuable in research and industrial settings, particularly in the development of bioactive compounds and therapeutic agents.