This chemical is primarily used in pharmaceutical research and development as an intermediate in the synthesis of more complex molecules. It plays a crucial role in the preparation of compounds that target specific biological pathways, particularly in the development of drugs for neurological and psychiatric disorders. Its structure allows for the introduction of protective groups during multi-step synthetic processes, ensuring the stability and reactivity of intermediates. Additionally, it is utilized in the production of active pharmaceutical ingredients (APIs) where precise chemical modifications are required to achieve desired therapeutic effects.