This compound is primarily utilized in peptide synthesis and biochemical research. It serves as a building block for constructing complex peptide structures, particularly in studies involving enzyme activity and receptor interactions. Its naphthyl group enhances fluorescence properties, making it useful in fluorescence-based assays and imaging techniques. Additionally, it is employed in the development of peptide-based drugs and as a probe to investigate biological processes at the molecular level. Its unique structure allows for specific binding and modulation of biological targets, aiding in the study of protein-ligand interactions.