This compound is widely used in peptide synthesis as a protecting group for the tyrosine amino acid. It helps in preventing unwanted reactions at the tyrosine site during the formation of peptide bonds. Its application is crucial in the production of complex peptides and proteins for pharmaceutical research, particularly in drug development and biochemical studies. Additionally, it is utilized in the preparation of peptide-based vaccines and therapeutic agents, ensuring the integrity and functionality of the tyrosine residue in the final product.