This compound is primarily used in peptide synthesis as a building block for creating more complex peptide structures. It serves as a precursor in the production of various biologically active peptides and pharmaceutical compounds. In research, it is employed to study enzyme-substrate interactions and to develop peptide-based drugs. Additionally, it finds application in the development of inhibitors for specific enzymes, aiding in the understanding of biochemical pathways. Its role in medicinal chemistry is significant, particularly in the design of therapeutic agents targeting diseases like cancer and metabolic disorders.