Used in the production of esters for perfumery and flavoring due to its pleasant odor when esterified. Commonly employed in the manufacture of soaps, detergents, and cosmetics for its emollient and cleansing properties. Serves as an intermediate in the synthesis of other chemicals, including plasticizers and lubricants. Exhibits antimicrobial activity, making it useful in preservatives and disinfectants. Also investigated for use in dietary supplements and functional foods for potential metabolic and immune benefits.