Used primarily in organic synthesis, this chemical serves as a key intermediate in the production of various pharmaceuticals and biologically active compounds. It is particularly valuable in the synthesis of thiazole derivatives, which are important in the development of drugs with antimicrobial, anti-inflammatory, and anticancer properties. Additionally, it plays a role in peptide chemistry, where it aids in the protection of amino groups during complex reactions. Its application extends to the preparation of specialized polymers and materials with tailored properties for industrial use.