Used primarily as a protecting agent in organic synthesis, it safeguards amine groups during complex chemical reactions, ensuring they remain unaffected while other transformations occur. This is particularly crucial in peptide synthesis, where it helps in the stepwise construction of peptide chains. Additionally, it serves as a reagent in the preparation of carbamates, which are valuable intermediates in pharmaceuticals and agrochemicals. Its role in the synthesis of various bioactive molecules and fine chemicals underscores its importance in research and industrial applications.