Widely used in the development of drug delivery systems, particularly for targeted therapies. It serves as a linker in bioconjugation processes, enabling the attachment of therapeutic agents to carriers like antibodies or nanoparticles. This enhances the precision and efficiency of drug delivery to specific cells or tissues. Additionally, it is employed in the synthesis of peptide-based drugs, where its properties help improve stability and bioavailability. Its role in creating biocompatible materials also finds applications in tissue engineering and regenerative medicine.