Used in the synthesis of specialized lipids and fatty acid derivatives, it serves as a key intermediate in the production of bioactive compounds. Its application extends to the development of pharmaceutical agents, particularly in creating molecules with anti-inflammatory or anticancer properties. Additionally, it is utilized in research to study lipid metabolism and cellular signaling pathways. In material science, it contributes to the formulation of advanced polymers and coatings with enhanced properties. Its role in organic synthesis also supports the creation of complex organic molecules for various industrial and scientific purposes.