This compound is primarily utilized in the development of advanced drug delivery systems, particularly for targeted therapies. Its structure allows it to act as a linker molecule in bioconjugation, enabling the attachment of therapeutic agents to carriers like antibodies or nanoparticles. This enhances the precision of drug delivery, minimizing off-target effects and improving treatment efficacy. Additionally, it finds application in the synthesis of complex peptides and proteins, where it serves as a protective group during chemical reactions, ensuring the integrity of the molecule. Its stability and functional groups make it valuable in research focused on creating novel biomaterials for medical and pharmaceutical applications.