This compound is primarily used in the field of biochemistry and pharmacology due to its role as a precursor in the synthesis of various biologically active molecules. It is particularly significant in the production of peptide-based drugs, where it serves as a building block for creating specific amino acid sequences that mimic natural peptides. This can be crucial in developing treatments for diseases that involve peptide dysregulation. Additionally, it is utilized in research settings to study enzyme mechanisms and protein interactions, providing insights into cellular processes and potential therapeutic targets. Its unique structure allows it to participate in reactions that are essential for the synthesis of complex organic molecules, making it valuable in both academic and industrial laboratories.