Used primarily in research settings as a synthetic intermediate for bioactive compounds, this compound serves as a building block in the development of pharmaceutical agents targeting neurological pathways. Its structure supports the design of molecules with blood-brain barrier permeability, making it valuable in the synthesis of potential central nervous system (CNS) therapeutics. Additionally, it has been explored in the study of lipid-mimetic compounds due to its long aliphatic chain, which can influence membrane interaction and cellular uptake in drug delivery systems. Limited to laboratory use, it is not intended for therapeutic or commercial applications outside controlled research environments.