This chemical is primarily used in organic synthesis as a key intermediate in the production of complex molecules, particularly in the pharmaceutical industry. It is often employed in the synthesis of peptides and peptidomimetics, where it serves as a protecting group for amines, ensuring selective reactions during multi-step processes. Its structure allows for efficient deprotection under mild conditions, making it valuable in the development of bioactive compounds and drug candidates. Additionally, it is utilized in the preparation of chiral building blocks for asymmetric synthesis, contributing to the creation of enantiomerically pure substances.