This chemical is primarily used in the synthesis of various organic compounds, particularly in the production of specialty chemicals and intermediates. It serves as a key starting material in the creation of surfactants and emulsifiers, which are essential in industries like cosmetics, detergents, and personal care products. Additionally, it is utilized in the development of lubricants and coatings, where its structure contributes to the desired properties such as smoothness and stability. In research, it is often employed as a building block for more complex molecules, aiding in the study of lipid chemistry and related biological processes. Its applications also extend to the agricultural sector, where it is used in the formulation of certain pesticides and growth regulators.