Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and fine chemicals. Its structure is particularly valuable in the development of active pharmaceutical ingredients (APIs), where it acts as a building block for complex molecules. It is also employed in peptide synthesis, aiding in the protection of amino groups during reactions. Additionally, its application extends to agrochemical research, where it contributes to the creation of novel pesticides and herbicides. The compound’s stability and reactivity make it a versatile tool in various chemical processes.