This compound is widely used in biochemical research as a substrate for trypsin-like enzymes, particularly in studies involving enzyme kinetics and inhibition. It helps in understanding the catalytic mechanisms of proteases and their role in various biological processes. Additionally, it is utilized in the development and testing of enzyme inhibitors, which can have therapeutic applications in treating diseases like cancer, inflammation, and infections. Its stability and specificity make it a valuable tool in laboratory settings for characterizing enzyme activity and optimizing assay conditions.