This peptide compound is primarily utilized in biochemical research, particularly in studies involving peptide synthesis and protein interactions. It serves as a model substrate for investigating enzyme specificity and activity, especially in proteolytic assays. Additionally, it is employed in the development of peptide-based drugs and therapeutic agents, where its structure can be modified to enhance bioavailability or target specific biological pathways. In pharmaceutical applications, it may be used to study receptor binding and signal transduction mechanisms. Its acetate salt form ensures improved solubility and stability, making it suitable for various experimental conditions.