This compound is primarily utilized in the synthesis of peptides and other biologically active molecules. It serves as a key intermediate in the production of cysteine derivatives, which are essential in the development of pharmaceuticals targeting various diseases. Its structure allows for selective modifications, making it valuable in the design of enzyme inhibitors and receptor modulators. Additionally, it is employed in research settings to study the role of sulfur-containing amino acids in protein folding and stability. The compound’s protective groups enable controlled reactions, facilitating its use in complex organic synthesis processes.