This compound is primarily utilized in biochemical research as a substrate for studying the activity of dipeptidyl peptidase IV (DPP-IV), an enzyme involved in various physiological processes. It is particularly useful in enzyme assays to measure DPP-IV activity in biological samples, aiding in the investigation of its role in immune regulation, glucose metabolism, and cancer progression. Its application extends to drug discovery, where it helps screen and evaluate potential inhibitors of DPP-IV, which are relevant for treating type 2 diabetes and other metabolic disorders. Additionally, it is employed in diagnostic research to develop assays for detecting enzyme-related diseases.