This compound is primarily utilized in the field of organic synthesis, particularly in peptide chemistry. It serves as a protective group for amines during the synthesis of peptides, ensuring selective reactions at specific sites without unwanted side reactions. Its fluorenylmethyl moiety allows for easy removal under mild conditions, making it a valuable tool in the stepwise construction of complex peptide structures. Additionally, its chiral nature can be leveraged in asymmetric synthesis to induce stereoselectivity in the formation of target molecules. Its application extends to the development of pharmaceuticals and bioactive compounds where precise control over molecular structure is critical.