This compound is primarily utilized in biochemical research and peptide synthesis. It serves as a building block for creating more complex peptides and proteins, aiding in the study of peptide structure and function. Additionally, it is used in the development of pharmaceuticals, particularly in designing drugs that target specific biological pathways. Its role in enzyme studies and as a substrate for proteases also makes it valuable in understanding enzymatic mechanisms and kinetics. Furthermore, it can be employed in the production of bioactive peptides with potential therapeutic applications, such as antimicrobial or antioxidant properties.