This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key building block in the synthesis of peptide-based drugs, particularly for creating rigid and constrained peptide structures. Its unique bicyclic framework helps in enhancing the stability and bioavailability of peptide molecules, making it valuable in the design of therapeutics targeting various diseases. Additionally, it is employed in research to study enzyme inhibition and receptor binding due to its ability to mimic specific molecular conformations. Its application extends to the development of novel pharmaceutical agents with improved efficacy and reduced side effects.