This chemical is primarily utilized in the field of organic synthesis, particularly in the development of pharmaceutical compounds. It serves as a key intermediate in the production of complex molecules, often acting as a protective group for amines during multi-step synthetic processes. Its structure is advantageous in the synthesis of biologically active compounds, including those with potential therapeutic applications. Additionally, it is employed in the preparation of heterocyclic compounds, which are crucial in drug discovery and medicinal chemistry. Its stability and reactivity make it a valuable tool for researchers aiming to create novel compounds with specific biological activities.