This chemical is primarily used in the synthesis of complex organic molecules, particularly in pharmaceutical research and development. It serves as a key intermediate in the preparation of drug candidates, especially those requiring polyethylene glycol (PEG) linkers. These linkers are crucial for improving the solubility, stability, and bioavailability of therapeutic compounds. Additionally, it is employed in the creation of prodrugs, where the compound's structure aids in targeted drug delivery and controlled release mechanisms. Its application extends to bioconjugation chemistry, where it is used to attach bioactive molecules to carriers or surfaces, enhancing their functionality in biomedical applications.