Used in the synthesis of biodegradable polymers and surfactants due to its long aliphatic chain and functional end groups. Its ester derivatives serve as intermediates in producing lubricants and plasticizers with improved thermal stability. Also explored in pharmaceutical formulations as a prodrug linker, leveraging its hydrolyzable ester bond for controlled release of active agents. Shows potential in cosmetics as an emollient and skin-conditioning agent owing to its fatty acid-like properties.