This compound is primarily utilized in biochemical research and pharmaceutical development. It serves as a peptide substrate or model compound for studying enzyme interactions, particularly proteases, due to its specific amino acid sequence. Its structure makes it suitable for investigating peptide stability, folding, and binding properties. Additionally, it is used in the development of peptide-based drugs or therapeutic agents, particularly those targeting specific biological pathways or receptors. In some cases, it may also be employed in the synthesis of more complex peptides or as a reference standard in analytical techniques like chromatography or mass spectrometry.