This compound is primarily utilized in the field of bioconjugation and drug delivery systems. It serves as a linker molecule, enabling the attachment of various functional groups or drug molecules to larger biomolecules, such as proteins or antibodies. Its structure includes reactive groups that facilitate efficient coupling reactions, making it valuable for creating targeted therapeutic agents. Additionally, it is employed in the development of prodrugs, where it helps in the controlled release of active pharmaceutical ingredients at specific sites within the body. Its application extends to research in nanotechnology, where it is used to modify nanoparticles for enhanced drug delivery and diagnostic purposes.