Primarily used in advanced biochemical research, this compound plays a crucial role in the development of targeted drug delivery systems. Its structure allows it to act as a linker molecule, facilitating the attachment of therapeutic agents to specific carriers, such as nanoparticles or antibodies, ensuring precise delivery to diseased cells. This enhances the efficacy of treatments while minimizing side effects. Additionally, it is utilized in the synthesis of complex molecules for studying cellular processes, particularly in cancer research, where it helps in understanding and inhibiting tumor growth mechanisms. Its unique properties also make it valuable in the field of bioconjugation, where it aids in creating stable bonds between biomolecules for diagnostic and therapeutic applications.