This compound is primarily utilized in organic synthesis as a protecting group for amines, particularly in the development of pharmaceuticals and complex organic molecules. Its structure allows for selective protection of amino groups, enabling chemists to perform reactions on other functional groups without interference. It is also employed in the synthesis of heterocyclic compounds, which are crucial in drug discovery and medicinal chemistry. Additionally, it serves as a key intermediate in the preparation of biologically active molecules, including inhibitors and modulators of various enzymes and receptors. Its stability and ease of removal under mild conditions make it a valuable tool in multi-step synthetic processes.