This chemical is primarily used as a stabilizing agent and surface modifier in various industrial applications. It is particularly effective in the preparation of functionalized nanoparticles, where it helps improve dispersion and stability in aqueous solutions. Additionally, it is employed in the synthesis of biocompatible coatings for medical devices, enhancing their compatibility with biological tissues. In the field of nanotechnology, it serves as a ligand for gold and silver nanoparticles, facilitating their use in biosensing and imaging applications. Its unique structure also makes it suitable for modifying surfaces in microfluidic devices, improving their performance in analytical and diagnostic systems.