This compound is primarily used in peptide synthesis and biochemical research. It serves as a building block for creating more complex peptides and proteins, aiding in the study of their structure and function. Additionally, it is utilized in the development of pharmaceuticals, particularly in designing drugs that target specific biological pathways. Its role in mimicking natural peptides makes it valuable for investigating enzyme interactions and receptor binding. It also finds application in the production of bioactive compounds for therapeutic purposes, such as hormone analogs or enzyme inhibitors.