Used primarily in organic synthesis as a protective group for amines, it helps in the selective modification of molecules during complex chemical reactions. This compound is particularly valuable in the pharmaceutical industry for the development of new drugs, where it aids in the stepwise construction of active pharmaceutical ingredients. Its role is crucial in ensuring that certain reactive sites on a molecule remain unchanged while other parts undergo chemical transformations. Additionally, it finds application in the preparation of various biologically active compounds, contributing to advancements in medicinal chemistry and drug discovery.