This compound is primarily utilized in biochemical research, particularly in the study of enzyme mechanisms and protein interactions. It serves as a specialized substrate or inhibitor in enzymatic assays, helping to elucidate the function and structure of specific enzymes. Additionally, it is employed in the synthesis of peptide-based drugs, where its unique structure can influence the biological activity of the final product. Its bromo and hydroxyl groups make it a valuable intermediate in organic synthesis, enabling the creation of more complex molecules with potential therapeutic applications.