Used as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its structure allows for selective protection of amine functionalities, making it valuable in multi-step synthesis where controlled reactivity is required. Commonly employed in the preparation of bioactive molecules, including central nervous system agents and enzyme inhibitors. The compound's solubility and stability profile support its use in solution-phase reactions and solid-phase synthesis. Also utilized in the creation of libraries for drug discovery due to its compatibility with various coupling and deprotection conditions.