This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of biologically active molecules, particularly those targeting enzyme inhibition or receptor modulation. Its structure, featuring a biotin-like moiety, makes it valuable in the design of compounds for bioconjugation or affinity labeling studies. Researchers often employ it in the development of targeted therapies, such as cancer treatments, where precise molecular interactions are critical. Additionally, it is used in the preparation of prodrugs, enhancing the delivery and efficacy of therapeutic agents. Its role in peptide and protein modification also supports advancements in biochemistry and molecular biology research.