This compound is widely used in peptide synthesis as a protecting group for amino acids. It helps to prevent unwanted reactions at the amino group during the synthesis process, ensuring the formation of specific peptide bonds. Additionally, it is utilized in bioconjugation techniques, where it facilitates the attachment of molecules to proteins or other biomolecules, enabling the study of biological interactions or the development of targeted drug delivery systems. Its stability and ease of removal under mild conditions make it a valuable tool in organic and biochemical research.