Used primarily in the formulation of coatings, paints, and inks due to its ability to undergo oxidative polymerization, forming durable and flexible films. It serves as a renewable raw material in the production of bio-based resins and plasticizers, offering an environmentally friendly alternative to petroleum-derived compounds. Also utilized in specialty lubricants and as an intermediate in the synthesis of fine chemicals. In research, it acts as a model compound for studying the behavior of polyunsaturated fatty acid esters in various chemical processes.