This chemical is primarily used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and bioactive compounds. It is valuable in the development of peptide-based drugs due to its protective group properties, which help in the selective modification of amino acids during synthesis. Additionally, it is employed in the preparation of complex molecules for research and drug discovery, aiding in the creation of compounds with potential therapeutic applications. Its role in facilitating controlled reactions makes it a key component in the synthesis of specialized organic materials.