Used as an intermediate in the synthesis of specialty polymers and biodegradable polyesters, this compound enables the incorporation of aromatic and aliphatic segments into polymer chains, enhancing thermal and mechanical properties. It is also employed in the preparation of plasticizers and lubricants, where its long aliphatic chain contributes to flexibility and low-temperature performance. In pharmaceutical research, it serves as a building block for prodrugs and biocompatible materials due to its ester functionality and biodegradable nature. Additionally, it finds use in surfactant formulations, where the combination of hydrophobic alkyl chain and polar ester group improves surface activity.