Myristoleic acid methyl ester is primarily used in research and development, particularly in the study of lipid metabolism and fatty acid behavior. It serves as a model compound for understanding the biochemical pathways and enzymatic processes involved in fatty acid metabolism. Additionally, it is utilized in the synthesis of various lipid-based products, including biofuels and biolubricants, due to its favorable chemical properties. In the cosmetic industry, it is sometimes incorporated into formulations for its emollient properties, helping to improve skin texture and hydration. Furthermore, it is explored in pharmaceutical research for its potential anti-inflammatory and anticancer properties, though these applications are still in the experimental stages.