This compound is primarily utilized in the field of peptide synthesis, where it serves as a building block for creating more complex peptide structures. Its phenylacetyl group is particularly useful in protecting the amine functionality during the synthesis process, ensuring that reactions occur at the desired sites without interference. Additionally, it is employed in biochemical research to study enzyme interactions and mechanisms, especially those involving proteases and peptidases. Its structural similarity to natural peptides makes it a valuable tool for mimicking biological processes in vitro. Furthermore, it has potential applications in the development of pharmaceutical agents, particularly in designing inhibitors or modulators of specific enzymatic pathways.