This compound is primarily utilized in organic synthesis as a key intermediate in the preparation of peptides and other biologically active molecules. It is particularly valuable in the protection of amine groups during multi-step synthetic processes, ensuring selective reactions and preventing unwanted side reactions. Its structure allows for efficient deprotection under mild conditions, making it suitable for constructing complex molecular frameworks. Additionally, it finds application in the development of pharmaceuticals, especially in the synthesis of chiral compounds where stereochemical integrity is crucial. Its role in facilitating the production of enantiomerically pure substances is significant in drug discovery and development.