This compound is primarily utilized in biochemical research, particularly in the study of enzyme inhibition and receptor binding. It serves as a potent and selective inhibitor for certain proteases, making it valuable in understanding enzymatic pathways and mechanisms. Additionally, it is employed in the development of therapeutic agents targeting specific diseases where protease activity plays a critical role, such as cancer, viral infections, and inflammatory disorders. Its unique structure allows for precise interaction with target proteins, aiding in the design of more effective and targeted drugs. Researchers also use it in structural biology to analyze protein-ligand interactions, contributing to the advancement of drug discovery and molecular biology.