This compound is primarily utilized in the field of peptide synthesis and organic chemistry research. It serves as a key intermediate in the preparation of complex peptide structures, particularly in the development of peptidomimetics and bioactive peptides. Its unique structure allows for selective protection and deprotection of functional groups, facilitating the stepwise construction of peptide chains. Additionally, it is employed in the study of enzyme inhibitors and receptor ligands, aiding in the exploration of biochemical pathways and drug discovery. Its stability and reactivity make it a valuable tool in the synthesis of tailored molecules for pharmaceutical and biochemical applications.