This chemical is primarily utilized in the field of pharmaceutical research and development, particularly in the synthesis of peptide-based drugs. It serves as a key intermediate in the production of complex peptides, enabling the incorporation of specific amino acids into peptide chains. Its structure is designed to protect reactive functional groups during chemical reactions, ensuring precise control over the synthesis process. This makes it valuable in creating targeted therapeutic agents, such as enzyme inhibitors or receptor modulators, which are used in treating various diseases, including cancer and metabolic disorders. Additionally, its application extends to the development of novel bioactive compounds for studying biochemical pathways and drug discovery.