Used in the synthesis of complex lipids and lipid-based drug delivery systems, this compound serves as a specialized ester intermediate in developing structured triglycerides and prodrugs. Its unique unsaturated ester structure allows for selective enzymatic or chemical transformations, making it valuable in creating bioactive molecules, dermatological agents, and components in cosmetic formulations where controlled lipophilicity and biodegradability are required. It is also employed in research settings to model lipid metabolism and membrane dynamics due to its defined stereochemistry and acyl chain specificity.