This compound is primarily utilized in the field of peptide synthesis and pharmaceutical research. It serves as a key intermediate in the production of various bioactive peptides and drug molecules. Its structure is particularly valuable in the development of enzyme inhibitors and receptor modulators, making it a crucial component in the study of biochemical pathways. Additionally, it is employed in the design of novel therapeutic agents targeting specific diseases, such as cancer and metabolic disorders. Its application extends to material science, where it is used in the creation of biodegradable polymers and advanced drug delivery systems.