Used primarily in biochemical research, this compound serves as a key reagent in the study of enzyme mechanisms and protein interactions. It is particularly valuable in the synthesis of enzyme inhibitors, aiding in the exploration of metabolic pathways. Additionally, it finds application in the development of novel pharmaceuticals, where it is utilized to modify drug molecules for enhanced efficacy and stability. Its role in organic synthesis extends to the preparation of specialized amino acid derivatives, contributing to advancements in medicinal chemistry and drug design.