This chemical is primarily utilized in the synthesis of peptide-based compounds, particularly in the field of medicinal chemistry. It serves as a key intermediate in the production of modified peptides, where its structure allows for the introduction of specific functional groups or protective elements. The compound is often employed in the development of protease inhibitors, which are critical in treating diseases like HIV and hepatitis C. Additionally, it plays a role in the creation of peptidomimetics, which mimic the structure and function of natural peptides, enabling the design of more stable and effective therapeutic agents. Its application is also seen in research focused on understanding enzyme mechanisms and protein interactions, contributing to advancements in drug discovery and biochemical studies.