Used primarily in organic synthesis, this compound serves as a key reagent for the protection of carboxylic acids. It is particularly effective in the formation of esters, which are crucial intermediates in the production of pharmaceuticals and fine chemicals. Additionally, it is employed in photoremovable protecting group strategies, allowing for controlled release of active molecules in response to light. This feature is especially valuable in photopharmacology and materials science, where precise activation of compounds is required. Its role in facilitating complex chemical transformations makes it a valuable tool in research and industrial applications.