Used primarily as a coupling agent in peptide synthesis, it facilitates the formation of amide bonds between amino acids. It is also employed in the production of polymers, where it acts as a stabilizer to prevent degradation. In material science, it is utilized to modify surfaces, enhancing adhesion properties. Additionally, it finds application in the pharmaceutical industry for drug formulation, improving the stability and efficacy of active compounds. Its role in organic synthesis includes catalyzing various reactions, making it a versatile tool in chemical manufacturing.