This compound is commonly used in peptide synthesis and biochemical research. It serves as a building block for creating more complex peptides and proteins, aiding in the study of their structure and function. It is also utilized in the development of pharmaceuticals, particularly in designing drugs that mimic natural peptides. Additionally, it finds application in enzyme studies, helping to understand substrate specificity and catalytic mechanisms. Its role in synthesizing model peptides makes it valuable for exploring protein folding and stability.