Used as an intermediate in the synthesis of specialty surfactants and emulsifiers due to its two hydroxyl groups, which allow for functionalization in polymer and coating formulations. It contributes to improving hydrophobicity and flexibility in film-forming materials. Also explored in agrochemical formulations for controlled release and enhanced stability of active ingredients. Its long aliphatic chain supports integration into lipid-based systems for cosmetic and personal care applications, where it acts as a moisturizing agent and texture enhancer.