Used as a key intermediate in organic synthesis, particularly in the preparation of cyclic compounds through ring-closing metathesis reactions. Its structure featuring a central double bond with terminal carboxylic acid groups allows for selective functionalization, making it valuable in pharmaceutical and polymer chemistry. It serves in the synthesis of specialty monomers for biodegradable polyesters and in the development of bioactive molecules due to its ability to mimic natural fatty acid metabolites. Also employed in cross-coupling reactions to build complex molecular architectures in medicinal chemistry research.