Used in the synthesis of biopolymers and specialty esters for cosmetics and pharmaceuticals due to its long-chain hydroxyl fatty acid structure. Serves as a building block in the production of biodegradable surfactants and lubricants. Also investigated for its role in lipid research and as a precursor in the development of bio-based polyesters and polyurethanes. Its amphiphilic nature makes it useful in designing drug delivery systems and functional biomaterials.