Used primarily as an intermediate in organic synthesis, particularly in the preparation of bioactive molecules and functionalized lipids. Its long aliphatic chain combined with an aromatic benzyl ether moiety makes it suitable for designing compounds with specific hydrophobic properties, often explored in pharmaceutical research for drug delivery systems. It also finds use in the development of liquid crystal materials and as a building block in ester-based polymer synthesis. Due to its structural features, it can act as a model compound in studies involving enzymatic hydrolysis or thermal stability of ester-linked derivatives.