Primarily used in peptide synthesis, it serves as a protective group for the amino acid tyrosine, ensuring specific reactions occur at desired sites without interference. This compound is crucial in the development of pharmaceuticals, particularly in the creation of peptide-based drugs where precise control over amino acid reactivity is necessary. Additionally, it finds application in biochemical research for studying enzyme mechanisms and protein interactions, providing insights into biological processes and aiding in the design of therapeutic agents. Its stability and ease of removal make it a preferred choice in organic synthesis and medicinal chemistry.