Used primarily as an intermediate in organic synthesis, particularly in the preparation of long-chain diketones for fragrance and flavor applications. It serves as a building block in the development of specialty chemicals for cosmetics and perfumes due to its ability to contribute to musk-like odor profiles. Also explored in research for polymer modification where long aliphatic chains enhance hydrophobicity and thermal stability. Limited solubility in water but compatible with organic solvents, making it suitable for use in solvent-based systems.