Used primarily in the pharmaceutical industry, it serves as an intermediate in the synthesis of various drugs and active pharmaceutical ingredients. Its role in peptide synthesis is significant, particularly in creating custom peptides for research and therapeutic applications. Additionally, it is employed in the development of chiral compounds, aiding in the production of enantiomerically pure substances. This chemical also finds use in biochemical studies, where it helps in understanding enzyme mechanisms and protein interactions. Its application extends to the field of biotechnology, where it is utilized in the design and production of novel biomolecules.