This compound is primarily utilized in the field of biochemistry and pharmaceutical research due to its structural similarity to amino acids and peptides. It is often employed in the synthesis of peptide-based drugs, where it serves as a building block to create complex molecules with specific biological activities. Its presence in drug development is crucial for designing inhibitors or activators of enzymes and receptors, particularly those involved in metabolic and signaling pathways. Additionally, it is used in studies focusing on protein-protein interactions, where its unique structure helps in understanding binding mechanisms and designing therapeutic agents. In some cases, it may also be explored for its potential antioxidant properties, contributing to research in combating oxidative stress-related diseases.