Used in peptide synthesis as a protecting group for thiols, ensuring selective reactions during the formation of peptide bonds. It is particularly valuable in the development of complex peptides and proteins, where precise control over the reactivity of thiol groups is required. Additionally, it finds application in the preparation of bioconjugates, where it helps in linking peptides to other molecules or surfaces without unwanted side reactions. Its stability under various conditions makes it a reliable choice in both research and industrial settings for synthesizing bioactive compounds.