This compound is primarily utilized in the field of biomedical research, particularly in the development of targeted protein degradation technologies. It serves as a key component in the design of PROTACs (Proteolysis Targeting Chimeras), which are innovative molecules used to selectively degrade disease-causing proteins within cells. By facilitating the ubiquitination and subsequent degradation of specific proteins, it plays a crucial role in studying protein function and developing potential therapeutic strategies for conditions such as cancer, neurodegenerative diseases, and other disorders driven by abnormal protein activity. Its application is also significant in chemical biology for understanding cellular pathways and protein-protein interactions.