This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various pharmaceutical agents, particularly those targeting neurological and cardiovascular disorders. Its structure, featuring a naphthalene moiety and an amino acid backbone, makes it valuable for designing molecules that interact with specific biological receptors or enzymes. Researchers often employ it in the creation of peptidomimetics, which mimic the structure and function of peptides, enabling the development of more stable and bioavailable drugs. Additionally, it is explored in the study of enzyme inhibitors, where its unique chemical properties help in understanding and modulating enzymatic activity for therapeutic purposes.