Used in the synthesis of peptides and peptidomimetics, this compound serves as a key building block in pharmaceutical research, particularly in the development of enzyme inhibitors and receptor modulators. Its incorporation into peptide chains can enhance stability and bioactivity, making it valuable in drug discovery. It is also employed in the study of structure-activity relationships to optimize therapeutic agents. Additionally, it finds application in the preparation of chiral intermediates for asymmetric synthesis, contributing to the production of enantiomerically pure compounds.