This chemical is primarily used as a condensing agent in peptide synthesis, facilitating the formation of peptide bonds between amino acids. It is particularly valued for its efficiency in activating carboxylic acids, making it a key reagent in the production of complex peptides and proteins. Additionally, it finds application in organic synthesis, where it acts as a catalyst or reagent in various chemical transformations, including esterifications and amidations. Its role in these processes is crucial for the development of pharmaceuticals, bioactive compounds, and other fine chemicals.