Primarily used in organic synthesis, this compound serves as a protective group for hydrazine derivatives. It is particularly valuable in the preparation of pharmaceuticals, where it helps in the controlled release of active hydrazine moieties during multi-step reactions. Additionally, it finds application in the synthesis of heterocycles and other complex organic molecules, ensuring stability and specificity in chemical transformations. Its role in peptide coupling reactions is also noteworthy, aiding in the construction of peptide bonds without unwanted side reactions.