Used as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its hydroxyl and amide functional groups allow for further chemical modifications, making it valuable in creating bioactive molecules. It is also explored as a building block in the synthesis of specialty polymers and additives, where its structure contributes to improved solubility and stability. Due to the presence of the hydrophobic 2-ethylhexyl chain, it imparts lipophilic characteristics, which can enhance membrane permeability in drug design. Additionally, it may serve as a model compound in studies involving enzyme substrates or metabolic pathways.