Used in the synthesis of biodegradable polymers and coatings due to its long aliphatic chain and functional groups that enable cross-linking. Commonly applied in eco-friendly varnishes and resins, especially in wood finishes and protective films. Shows potential in pharmaceutical formulations as a building block for prodrugs and lipid-based delivery systems. Also investigated for use in lubricants and plasticizers where natural origin and low toxicity are advantageous.