Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. Its structure allows it to act as a protective group for amines, facilitating complex reactions without unwanted side interactions. Additionally, it finds application in the development of agrochemicals, where it contributes to the synthesis of compounds with enhanced efficacy and stability. In research settings, it is employed to study reaction mechanisms and to develop new synthetic pathways, making it a valuable tool in advancing chemical innovation.