This compound is primarily utilized in the field of medicinal chemistry and drug development. It is often employed as a key intermediate in the synthesis of complex molecules, particularly those targeting protease enzymes. Its structural features make it suitable for creating inhibitors that can modulate enzyme activity, which is crucial in the treatment of diseases such as cancer, viral infections, and inflammatory disorders. Additionally, its incorporation into peptide-based drugs enhances stability and bioavailability, making it valuable in the design of therapeutic agents. Researchers also explore its potential in targeted drug delivery systems due to its ability to interact with specific biological receptors.