This chemical is primarily used in the synthesis of pharmaceutical compounds, particularly as an intermediate in the production of drugs targeting neurological and cardiovascular disorders. It serves as a protective group for amines during complex organic reactions, ensuring selective reactivity and stability in multi-step synthesis processes. Additionally, it is utilized in the development of peptide-based therapeutics, where it helps maintain the integrity of amino acid structures. Its application extends to research and development in medicinal chemistry, where it aids in the creation of novel bioactive molecules with potential therapeutic benefits.