Used extensively in the pharmaceutical industry as a key intermediate in the synthesis of complex drug molecules, particularly those targeting cancer and autoimmune diseases. Its unique structure allows for effective conjugation with various therapeutic agents, enhancing drug delivery and bioavailability. Additionally, it plays a crucial role in the development of advanced polymer materials, where it acts as a cross-linking agent to improve mechanical properties and stability. In the field of biotechnology, it is utilized in the modification of peptides and proteins, facilitating their application in research and therapeutic contexts. Its versatility also extends to the production of specialized coatings and adhesives, where it contributes to improved performance and durability.