Used in the synthesis of pharmaceutical compounds, particularly as an intermediate in the production of drugs targeting central nervous system disorders. It plays a role in the development of inhibitors for enzymes like kinases, which are crucial in treating cancers and inflammatory diseases. Additionally, it is utilized in organic chemistry research for constructing complex molecules due to its protective group properties for amines, facilitating selective reactions. Its application extends to the preparation of bioactive molecules in medicinal chemistry, aiding in the discovery of new therapeutic agents.