This compound is primarily utilized in biochemical research and pharmaceutical development. It serves as a key intermediate in the synthesis of modified peptides and proteins, enabling the study of protein structure and function. The azide group allows for click chemistry reactions, facilitating the attachment of fluorescent tags or other functional groups for imaging and diagnostic purposes. Additionally, it is employed in the development of targeted drug delivery systems, where its unique structure aids in creating precise and efficient therapeutic agents. Its applications also extend to the field of bioconjugation, where it helps in linking biomolecules for various experimental and clinical purposes.