Used as a building block in the synthesis of specialty polymers and surfactants due to its two hydroxyl groups, enabling cross-linking and functionalization. Commonly applied in the formulation of lubricants, plasticizers, and emollients in cosmetics for its long hydrocarbon chain and hydrophilic ends. Also serves in the preparation of biodegradable esters and as an intermediate in pharmaceuticals and agrochemicals. Its thermal stability makes it suitable for high-performance coatings and resins.