Used in biochemical research as a lipidated amino acid analog, particularly in studies involving protein lipidation and cell membrane interactions. It serves as a substrate or inhibitor in enzymatic assays related to acyltransferases and thioesterase activity. Its structure mimics naturally occurring S-acylated proteins, making it valuable for investigating post-translational modifications. Also employed in the development of synthetic pathways for bioactive lipids and in formulating model systems to study lipid metabolism and signaling pathways.