Automatic Speech Understanding (ASU) leverages the power of deep learning models for accurate interpretation of human speech, leading to a wide range of speech applications that enrich the human experience. However, training a robust ASU model requires the curation of a large number of speech samples, creating risks for privacy breaches. In this work, we investigate using foundation models to assist privacy-enhancing speech computing. Unlike conventional works focusing primarily on data perturbation or distributed algorithms, our work studies the possibilities of using pre-trained generative models to synthesize speech content as training data with just label guidance. We show that zero-shot learning with training label-guided synthetic speech content remains a challenging task. On the other hand, our results demonstrate that the model trained with synthetic speech samples provides an effective initialization point for low-resource ASU training. This result reveals the potential to enhance privacy by reducing user data collection but using label-guided synthetic speech content.