Used in the synthesis of specialty polymers and biodegradable materials due to its long aliphatic chain and reactive keto and carboxylic functional groups. The compound serves as a building block in polyesters and polyamides, enhancing flexibility and degradation properties. It is also explored in pharmaceutical intermediates for anti-inflammatory agents and in the development of prodrugs, leveraging the ketone group for targeted release. Additionally, it finds use in organic synthesis as a bifunctional spacer in crosslinking reactions.