This chemical is primarily utilized in the synthesis of polymers, particularly in the production of biodegradable and biocompatible materials. It serves as a key monomer in the creation of polyesters and polyamides, which are widely used in medical applications such as drug delivery systems, sutures, and tissue engineering scaffolds. Its ability to form stable and functional polymers makes it valuable in the development of controlled-release formulations for pharmaceuticals. Additionally, it is employed in the manufacture of coatings and adhesives, where its properties enhance durability and performance. Its role in green chemistry is also notable, as it contributes to the development of environmentally friendly materials.