Used primarily in organic synthesis, this compound serves as a key intermediate in the preparation of various pharmaceuticals and bioactive molecules. It is particularly valuable in peptide chemistry, where it acts as a protecting group for amines during complex reactions, ensuring selective modification of functional groups. Additionally, it is employed in the development of small molecule drugs, aiding in the creation of compounds with potential therapeutic applications. Its stability and reactivity make it a versatile tool in medicinal chemistry research and drug discovery processes.