This compound is primarily utilized in the development of advanced drug delivery systems, particularly in the creation of targeted therapies. Its unique structure allows it to act as a linker molecule, connecting therapeutic agents to carriers like nanoparticles or antibodies. This enhances the precision of drug delivery, ensuring that the active compounds reach specific cells or tissues, thereby minimizing side effects and improving treatment efficacy. Additionally, it is employed in the synthesis of complex peptides and proteins, where its properties facilitate the stabilization and functionalization of biomolecules. Its application is also seen in the field of bioconjugation, where it helps in attaching various functional groups to biomolecules for research and therapeutic purposes.