This chemical is primarily utilized in the development of advanced materials, particularly in the creation of biodegradable polymers and polyamides. Its unique structure allows it to act as a monomer in the synthesis of high-performance, environmentally friendly plastics that are used in packaging, textiles, and medical devices. Additionally, it is employed in the production of specialty coatings and adhesives, where its properties enhance durability and flexibility. In biomedical research, it serves as a building block for designing drug delivery systems, enabling controlled release of therapeutic agents. Its application in nanotechnology is also notable, where it contributes to the fabrication of nanostructured materials with specific functional properties.