Used primarily in organic synthesis, this compound serves as a key intermediate in the production of peptides and pharmaceuticals. It is particularly valuable in the protection of amine groups during multi-step reactions, ensuring selective transformations. Its application extends to the development of bioactive molecules, including enzyme inhibitors and receptor agonists, due to its structural compatibility with various drug scaffolds. Additionally, it is employed in the synthesis of complex organic compounds, aiding in the creation of novel therapeutic agents and research chemicals.