Used primarily in peptide synthesis, this compound serves as a building block for creating modified peptides with enhanced properties. It is particularly valuable in the development of fluorescent probes and markers due to its naphthyl group, which exhibits strong fluorescence. This makes it useful in biochemical research for tracking and imaging biological processes. Additionally, it is employed in the study of protein interactions and enzyme mechanisms, where its unique structure helps in understanding binding sites and conformational changes. Its application extends to drug discovery, where it aids in designing peptide-based therapeutics with improved stability and activity.