This chemical is primarily utilized in the development of advanced drug delivery systems due to its unique amphiphilic properties. Its structure, featuring both hydrophilic and hydrophobic regions, makes it suitable for creating micelles or liposomes that can encapsulate and transport therapeutic agents effectively. It is particularly valuable in targeted cancer therapies, where it helps in delivering drugs specifically to tumor cells while minimizing damage to healthy tissues. Additionally, it is employed in the formulation of biodegradable polymers for controlled release applications, ensuring sustained and efficient drug administration. Its versatility also extends to its use in surface modification of nanoparticles, enhancing their biocompatibility and stability in biological environments.