This chemical is widely used as a building block in organic synthesis, particularly in the production of polymers and specialty chemicals. It serves as a key intermediate in the creation of polyesters and other polymeric materials, offering flexibility and durability to the final products. Additionally, it is employed in the synthesis of pharmaceutical compounds, where its structure contributes to the development of active ingredients. Its ester functional groups make it valuable in reactions involving esterification and transesterification, enabling the modification of various chemical compounds for industrial applications.