This compound is primarily used in research and development within the field of biochemistry and peptide studies. It serves as a model peptide to investigate the interactions and stability of peptide chains, particularly in the context of lipidated peptides. Researchers utilize it to study the effects of lipidation on peptide behavior, including membrane interactions, cellular uptake, and bioavailability. Additionally, it is employed in the development of peptide-based drug delivery systems, where its structure helps in understanding how modifications can enhance therapeutic efficacy. Its applications also extend to the study of self-assembling peptides, which are crucial for designing biomaterials and nanotechnology-based solutions.