This chemical is widely used in the field of biomedical research and diagnostics, particularly in the development of advanced imaging agents. Its unique structure allows it to act as a linker or chelating agent, enabling the attachment of targeting molecules to imaging probes. This facilitates precise delivery of imaging agents to specific tissues or cells, enhancing the accuracy of diagnostic techniques such as MRI or fluorescence imaging.

In drug delivery systems, it serves as a functional component for conjugating therapeutic agents to carriers, improving their solubility, stability, and targeted delivery. This is especially valuable in cancer therapy, where it helps direct chemotherapeutic drugs to tumor sites while minimizing damage to healthy tissues.

Additionally, it is utilized in the synthesis of biomaterials and hydrogels, contributing to the creation of scaffolds for tissue engineering and regenerative medicine. Its biocompatibility and ability to form stable bonds make it a versatile tool in developing innovative medical solutions.