This chemical is primarily utilized in organic synthesis, particularly in the pharmaceutical industry, where it serves as an intermediate in the production of various active pharmaceutical ingredients (APIs). It is often employed in the development of compounds targeting neurological disorders due to its structural features, which are conducive to interacting with central nervous system receptors. Additionally, it is used in the preparation of peptidomimetics, which are molecules that mimic the structure and function of peptides, playing a crucial role in drug discovery and development. Its protective group properties also make it valuable in multi-step synthetic processes, ensuring selective reactions and stability of intermediates.