Used primarily in the field of biochemistry and molecular biology, this compound serves as a key reagent in the synthesis of complex organic molecules. Its unique structure allows it to act as a linker or spacer in the development of dendrimers and other polymeric materials, which are crucial in drug delivery systems. Additionally, it is employed in the modification of proteins and peptides to enhance their stability and functionality in therapeutic applications. The compound's ability to form stable complexes with various biomolecules also makes it valuable in diagnostic assays and biosensor technologies.