Used as a key intermediate in the production of biodegradable polymers, particularly in the synthesis of polyesters. It is also employed in the manufacturing of plasticizers, which enhance the flexibility and durability of plastics. In the cosmetics industry, it serves as a moisturizing agent and emollient in skincare products due to its ability to retain moisture. Additionally, it finds application in the formulation of adhesives and coatings, where it contributes to improved adhesion and film-forming properties. Its role in the development of environmentally friendly materials makes it significant in sustainable manufacturing practices.