If we consider just real number, $Z=X+Y$, but when X and Y are non-commutative, things are not so simple.

Furthermore, TODO confirm it is possible that a solution does not exist at all if $X$ and $Y$ aren't sufficiently small.

This formula is likely the basis for the Lie group-Lie algebra correspondence. With it, we express the actual group operation in terms of the Lie algebra operations.

Notably, remember that a algebra over a field is just a vector space with one extra product operation defined.

Vector spaces are simple because all vector spaces of the same dimension on a given field are isomorphic, so besides the dimension, once we define a Lie bracket, we also define the corresponding Lie group.

Since a group is basically defined by what the group operation does to two arbitrary elements, once we have that defined via the Baker-Campbell-Hausdorff formula, we are basically done defining the group in terms of the algebra.