Used primarily in organic synthesis as a versatile reagent, it facilitates the formation of amide bonds, making it valuable in peptide synthesis. It acts as an acylating agent, enabling the introduction of acetyl groups into various organic compounds. Additionally, it is employed in the preparation of heterocyclic compounds, which are essential in pharmaceutical and agrochemical industries. Its role in protecting functional groups during complex chemical reactions further enhances its utility in advanced chemical research and development.