This compound is primarily utilized in the synthesis of lipids and glycerides, serving as an intermediate in the production of more complex molecules. It is particularly valuable in research and development for creating structured lipids, which are tailored to specific nutritional or functional properties. Its application extends to the study of lipid metabolism and the development of drug delivery systems, where it can be used to enhance the solubility and bioavailability of active pharmaceutical ingredients. Additionally, it plays a role in the formulation of cosmetics and personal care products, contributing to the texture and stability of emulsions.