Used as a key intermediate in the synthesis of various pharmaceutical compounds, particularly in the production of antiviral and anticancer drugs. It serves as a building block in organic synthesis, enabling the creation of complex molecules with therapeutic potential. Additionally, it is employed in the development of biodegradable polymers and surfactants, contributing to environmentally friendly industrial applications. In the food industry, it acts as a stabilizer and texturizer, enhancing the quality and shelf life of certain products. Its versatility also extends to the cosmetic sector, where it is utilized in formulations for skin and hair care products due to its moisturizing properties.