Primarily used in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals, particularly in the development of drugs targeting neurological disorders and cancer. Its structure is valuable for introducing the tert-butyloxycarbonyl (Boc) protecting group, which is crucial in peptide synthesis to protect amine groups during chemical reactions. Additionally, it is utilized in the preparation of agrochemicals, where it contributes to the synthesis of herbicides and fungicides. Its stability and reactivity make it a preferred choice in research and industrial applications for constructing complex molecules.