Used in the synthesis of biodegradable polymers and polyesters, particularly in creating sustainable plastics and coatings. It serves as a monomer that imparts flexibility and hydrophilicity to polymer chains. Also explored in pharmaceuticals as a building block for prodrugs due to its hydroxyl and carboxylic acid functionality. Finds use in cosmetics and skincare formulations as a moisturizing agent or derivative ingredient. Additionally, employed in research for developing renewable platform chemicals from biomass sources.