Used primarily as a lipid-based prodrug or intermediate in pharmaceutical formulations, this compound enhances the stability and bioavailability of active ingredients by improving membrane permeability. Its acetylated structure allows for controlled hydrolysis in biological systems, making it suitable for sustained-release drug delivery. Commonly applied in dermatological preparations due to its skin-penetrating properties and compatibility with epidermal lipids. Also utilized in transdermal delivery systems where targeted absorption is required. In addition, serves as a protective group strategy in synthetic chemistry for selective reactions involving polyol chains.