Used primarily in organic synthesis as a protective group for amines, it facilitates the selective modification of other functional groups in complex molecules. It is particularly valuable in peptide synthesis, where it helps in the stepwise construction of peptide chains by preventing unwanted side reactions. Additionally, it serves as an intermediate in the production of pharmaceuticals, agrochemicals, and dyes, where its stability and reactivity under mild conditions are advantageous. Its role in the development of advanced materials, such as polymers and resins, is also notable, as it contributes to the creation of compounds with specific properties like thermal stability and mechanical strength.