Widely used in organic synthesis, this compound serves as a key intermediate in the preparation of peptides and other biologically active molecules. Its structure is particularly valuable in protecting amine groups during complex chemical reactions, ensuring selective transformations. In pharmaceutical research, it plays a role in the development of drug candidates by facilitating the synthesis of specific molecular frameworks. Additionally, it is utilized in the production of specialty chemicals, where its unique properties help achieve desired reactivity and stability in advanced manufacturing processes.