Used primarily as an intermediate in the synthesis of pharmaceuticals and fine chemicals. Its structure supports the development of bioactive molecules, particularly in creating derivatives with antimicrobial or anti-inflammatory properties. Commonly utilized in research settings for modifying drug delivery systems due to its amphiphilic nature, enhancing solubility and membrane permeability of active compounds. Also serves as a building block in the preparation of specialty esters and amides for cosmetic and dermatological formulations, where controlled release and stability are required.