This compound is primarily utilized 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. Additionally, it is used in the development of pharmaceutical compounds, particularly those targeting neurological and hormonal pathways, due to its tryptophan component, which is a precursor to serotonin and melatonin. Its application extends to the field of biotechnology, where it is employed in the design of bioactive peptides for therapeutic purposes.