This compound is primarily utilized in the field of bioconjugation and biochemical research. It serves as a reagent for modifying biomolecules, particularly proteins and peptides, enabling the attachment of functional groups or labels. Its structure includes a biotin moiety, making it valuable in applications involving biotin-streptavidin interactions, which are widely used in assays, diagnostics, and affinity purification techniques. Additionally, it is employed in the development of targeted drug delivery systems, where it helps in the precise attachment of therapeutic agents to specific biological targets. Its water-soluble nature and functional groups make it suitable for use in aqueous environments, enhancing its compatibility with biological systems.