Used as an intermediate in organic synthesis, particularly in the preparation of hydrazine derivatives for pharmaceuticals and agrochemicals. It serves as a protecting group reagent for hydrazine, enabling selective reactions in multi-step synthesis. Commonly employed in the development of peptide mimetics and heterocyclic compounds due to its stability and controlled deprotection under mild conditions. Also utilized in the synthesis of bioactive molecules where a hydrazine functionality needs to be introduced and later unveiled without affecting other sensitive groups in the molecule.