This compound is primarily used in the synthesis of complex organic molecules, particularly in the field of peptide chemistry. It serves as a building block for creating peptide-based drugs and biomaterials. The presence of multiple oxygen atoms and functional groups makes it suitable for forming stable linkages in peptide chains. It is also utilized in the development of drug delivery systems, where its structure aids in enhancing solubility and bioavailability of therapeutic agents. Additionally, it finds application in the preparation of specialized polymers and coatings that require precise molecular architecture for specific performance characteristics.