This compound is primarily utilized in peptide synthesis as a building block for creating specific peptide structures. It plays a crucial role in the development of peptide-based drugs, particularly in modifying peptide chains to enhance their stability, bioavailability, or therapeutic effects. Additionally, it is used in research to study peptide interactions and mechanisms, aiding in the discovery of new pharmaceutical compounds. Its application extends to biochemical studies where it helps in understanding protein folding and function.