Used in bioconjugation and as a linker in drug delivery systems, it enhances the solubility and stability of therapeutic compounds. It is also applied in the development of hydrogels for tissue engineering, providing a biocompatible and flexible matrix. In material science, it serves as a modifier to improve the properties of polymers, making them more suitable for medical devices. Additionally, it is employed in the synthesis of nanoparticles, aiding in the creation of targeted drug delivery vehicles.