Used primarily in the synthesis of biodegradable polymers, this compound plays a crucial role in the development of environmentally friendly materials. It is a key monomer in the production of polyesters, which are utilized in medical applications such as drug delivery systems and surgical sutures. Additionally, it contributes to the creation of biocompatible plastics for packaging and agricultural films, reducing reliance on non-degradable plastics. Its reactivity and structure make it valuable in organic synthesis for constructing complex molecules in pharmaceutical research.