This compound is primarily utilized in the field of peptide synthesis, where it serves as a building block for creating specific peptide sequences. Its structure makes it valuable for designing and synthesizing peptides with unique properties, particularly in pharmaceutical research. It is often employed in the development of drugs targeting various diseases, including cancer, metabolic disorders, and infections. Additionally, it plays a role in studying enzyme interactions and receptor binding, aiding in the discovery of novel therapeutic agents. Its stability and compatibility with other reagents make it a reliable choice for advanced chemical and biological research applications.