This compound is primarily used in peptide synthesis and lipid research. It serves as a key intermediate in the development of lipidated peptides, which are important for studying cell signaling, membrane interactions, and drug delivery systems. The oleoyl group enhances lipophilicity, making it useful for creating peptides that can interact with cell membranes or mimic natural lipidated proteins. Additionally, the Boc protecting group allows for selective deprotection during solid-phase peptide synthesis, enabling precise control over the assembly of complex peptide structures. Its applications extend to the development of therapeutic peptides and biomaterials for targeted drug delivery.