This compound is primarily used in the field of peptide synthesis and pharmaceutical research. It serves as a key building block for creating modified peptides, particularly those designed for targeted drug delivery systems. Its carboxymethyl group enhances solubility and allows for further functionalization, making it valuable in the development of therapeutic peptides and protein-based drugs. Additionally, it is utilized in biochemical studies to investigate enzyme-substrate interactions and receptor binding mechanisms due to its structural similarity to natural amino acids. Its application extends to the production of customized biomaterials and biosensors, where its properties can be tailored for specific diagnostic or therapeutic purposes.