Used as a building block in peptide synthesis, particularly in the development of pharmaceutical compounds. It serves as a precursor in the production of modified peptides, which are essential in drug discovery and biochemical research. The compound is also utilized in studies involving enzyme inhibition and protein interactions, aiding in the understanding of biological pathways. Additionally, it finds application in the preparation of chiral intermediates for the synthesis of optically active substances, contributing to the development of enantiomerically pure drugs.