This compound is primarily used in peptide synthesis as a building block or intermediate. It helps in the creation of more complex peptides by serving as a protective group for the amino acid glycine. Its application is significant in the development of peptide-based drugs, where precise sequence control is crucial for biological activity. Additionally, it is utilized in research to study peptide structure and function, aiding in the understanding of biochemical pathways and interactions. Its role in synthetic chemistry also extends to the preparation of peptide libraries for drug discovery and screening processes.