This compound is primarily utilized in biochemical research and pharmaceutical development. It serves as a key intermediate in the synthesis of peptides and other biologically active molecules. Its structure, featuring both amino and benzyl groups, makes it valuable for modifying peptides to enhance their stability, bioavailability, or targeting capabilities. Additionally, it is employed in the preparation of chelating agents, which are used in metal ion binding and detoxification processes. Its trifluoroacetate groups further aid in purification and isolation steps during chemical synthesis.