Used primarily in the synthesis of bioactive compounds and specialty chemicals, this compound serves as an intermediate in organic reactions, particularly in the development of fragrance ingredients and flavoring agents due to its keto-fatty acid structure. It also finds use in research settings for studying lipid oxidation products and their effects on cellular systems. Its functional groups allow for derivatization in polymer chemistry and the production of surface-active agents. Additionally, it has been explored in agrochemical formulations as a building block for novel plant growth regulators.