Used as a versatile intermediate in the synthesis of various pharmaceutical compounds, particularly in the development of drug delivery systems. Its structure allows for the creation of biodegradable polymers and hydrogels, which are essential in controlled-release formulations. Applied in the production of chelating agents for metal ions, enhancing the stability and efficacy of certain drugs. Also utilized in the modification of peptides and proteins to improve their solubility and bioavailability. Plays a role in the preparation of biocompatible materials for medical devices and tissue engineering. Its functional groups make it suitable for conjugation with other molecules, enabling targeted therapies in cancer treatment and diagnostics.