This chemical is primarily utilized in the synthesis of peptides and peptidomimetics, where it serves as a building block to introduce specific structural features. Its incorporation into peptide chains can enhance binding affinity and selectivity towards target receptors, making it valuable in drug discovery and development. It is also employed in research to study receptor-ligand interactions, particularly in the context of neurological and hormonal pathways. Additionally, its unique structure allows it to be used in the design of fluorescent probes and imaging agents for biological studies.