Used as a building block in the synthesis of biopolymers and biodegradable materials due to its long aliphatic chain and functional hydroxyl group. Acts as a precursor in the production of lubricants, plasticizers, and surfactants with improved environmental profiles. Found in natural skin lipids, it is utilized in dermatological formulations for its moisturizing and barrier-repairing properties. Also investigated for its role in anti-inflammatory responses and potential therapeutic applications in skin disorders.