This chemical is primarily utilized in the development of advanced drug delivery systems due to its unique PEGylated structure. Its bifunctional properties enable conjugation with various therapeutic agents, enhancing their solubility and stability in biological environments. It is particularly valuable in the synthesis of targeted cancer therapies, where it facilitates the attachment of targeting moieties to drugs, improving their specificity and reducing off-target effects. Additionally, it is employed in bioconjugation techniques for modifying proteins, peptides, and antibodies, making it a crucial component in the design of next-generation biopharmaceuticals. Its applications also extend to the field of nanotechnology, where it is used to functionalize nanoparticles for improved biocompatibility and controlled release of therapeutic payloads.