This chemical is primarily used in the synthesis of various organic compounds, particularly in the production of specialty chemicals and pharmaceuticals. It serves as a key intermediate in the development of complex molecules, often utilized in the creation of active pharmaceutical ingredients (APIs) due to its unique structural properties. Additionally, it finds application in the field of polymer chemistry, where it is employed to modify or enhance the properties of polymers, such as improving flexibility or introducing specific functional groups. Its carboxylic acid groups make it valuable in reactions involving esterification, amidation, or other transformations, contributing to its versatility in industrial and research settings.