This compound is primarily utilized in biochemical research and pharmaceutical development. It serves as a key intermediate in the synthesis of more complex molecules, particularly in the production of peptide-based drugs. Its structure, which includes a cysteine moiety, makes it valuable for creating disulfide bonds in peptides, enhancing their stability and biological activity. Additionally, it is employed in studies related to enzyme inhibition and protein modification, where its unique properties help in understanding biochemical pathways and designing targeted therapies. Its application is also seen in the development of prodrugs, where it aids in improving drug delivery and efficacy.