Used as a key building block in the synthesis of high-performance polyamides and polyesters, offering enhanced thermal stability and mechanical strength for engineering plastics. Employed in coatings, adhesives, and elastomers where durability and resistance to heat are critical. Also utilized in controlled-release formulations in agrochemicals and pharmaceuticals due to its biodegradable and hydrophobic characteristics. Serves as a precursor in specialty chemicals for electronics and automotive industries.