Used primarily in medical imaging and diagnostics, this compound is a key component in radiopharmaceuticals for detecting and treating neuroendocrine tumors. It is particularly effective in scintigraphy, where it helps visualize tumors by targeting specific receptors on tumor cells. Additionally, it plays a role in research studies focused on understanding the mechanisms of tumor growth and receptor interactions. Its application in targeted therapy also aids in delivering radiation directly to cancer cells, minimizing damage to surrounding healthy tissues.