This compound is primarily utilized in biochemical research, particularly in the study of enzyme interactions and receptor binding. It serves as a key intermediate in the synthesis of more complex molecules that are often investigated for their potential therapeutic effects. Researchers employ it to explore its role in modulating specific biological pathways, which can lead to the development of new drugs targeting neurological and metabolic disorders. Additionally, it is used in the preparation of peptide analogs, aiding in the understanding of protein structure and function. Its unique structure makes it valuable in the design of compounds with enhanced biological activity and specificity.