This compound is primarily used in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of peptide-based drugs, particularly those targeting specific enzymatic pathways. Its structure allows for selective modifications, making it valuable in the synthesis of bioactive molecules. Additionally, it is utilized in the study of protease inhibitors, which are crucial in treating diseases like HIV and hepatitis. Its application extends to the development of prodrugs, where it aids in improving the bioavailability and stability of therapeutic agents.