Used in the synthesis of flavor and fragrance compounds due to its ability to contribute fruity and creamy notes. It serves as an intermediate in organic synthesis, particularly in the production of lactones and esters used in perfumery and food additives. Its hydroxy acid structure allows for ring formation under specific conditions, making it valuable in creating cyclic molecules with desirable sensory properties. Also investigated for use in biodegradable polymers owing to its functional groups that support polymerization reactions.