This chemical is widely used in biochemical research, particularly in enzyme studies. It serves as a fluorogenic substrate for proteases, including trypsin-like enzymes, allowing researchers to measure enzyme activity through fluorescence detection. The compound is also employed in high-throughput screening assays to identify and characterize protease inhibitors, which are crucial in drug discovery for conditions like cancer, inflammation, and infectious diseases. Additionally, it is utilized in studying protease kinetics and mechanisms, providing insights into enzymatic pathways and their regulation. Its stability and specificity make it a valuable tool in both academic and industrial laboratories.