Dibenzyl azodicarboxylate is widely used in organic synthesis as a reagent for the Mitsunobu reaction, which facilitates the conversion of alcohols into esters, ethers, and other derivatives. It is particularly valuable in the preparation of pharmaceuticals, where it helps in the formation of complex molecular structures. Additionally, it serves as a dehydrogenating agent in the synthesis of various heterocyclic compounds. Its role in peptide coupling reactions is also notable, aiding in the formation of peptide bonds. The compound is further utilized in polymer chemistry for cross-linking and modifying polymer properties. Its versatility makes it a key component in the development of advanced materials and bioactive molecules.