Used in the synthesis of specialty chemicals and fine organic compounds, particularly in the production of surfactants and emulsifiers due to its ability to reduce surface tension. It is also employed in the formulation of lubricants and coatings, where its unique structure enhances performance and stability. In the fragrance and flavor industry, it serves as a precursor for creating specific aromatic compounds. Additionally, it is utilized in research and development for studying lipid metabolism and related biological processes. Its application extends to the manufacturing of biodegradable plastics, contributing to environmentally friendly material solutions.