This compound is primarily utilized in biochemical research, particularly in the study of enzyme inhibition and receptor interactions. It serves as a potent and selective inhibitor for certain proteases, making it valuable in understanding enzymatic pathways and mechanisms. Its application extends to the development of therapeutic agents targeting specific diseases where protease activity plays a critical role, such as cancer, inflammation, and viral infections. Additionally, it is used in peptide synthesis and modification, aiding in the creation of novel compounds for pharmacological studies. Its stability and specificity make it a useful tool in both in vitro and in vivo experimental settings.