Used primarily as an intermediate in the synthesis of biodegradable polymers and surface-active agents. Its long aliphatic chain with a terminal ester group enables integration into lipid-based systems, making it suitable for use in pharmaceutical formulations, particularly in controlled-release drug delivery. It is also employed in the production of specialty esters for cosmetics and personal care products due to its emollient properties and ability to enhance skin penetration. Additionally, it finds application in the development of eco-friendly lubricants and coatings where hydrolytic stability and low toxicity are required.