This compound is primarily utilized in peptide synthesis and biochemical research due to its role as a dipeptide. It serves as a building block for creating more complex peptides and proteins, which are essential for studying biological processes and developing therapeutic agents. Its application extends to the field of drug discovery, where it is used to design and synthesize peptide-based drugs targeting specific diseases. Additionally, it is employed in enzymatic studies to understand the mechanisms of peptide interactions and catalysis. Its stability and solubility in various solvents make it a versatile tool in laboratory settings for experimental and analytical purposes.