Used as a key intermediate in the synthesis of biologically active compounds, particularly in the development of pharmaceuticals targeting metabolic and inflammatory diseases. Its carboxylic acid and ether functional groups allow for easy modification, making it valuable in constructing complex molecules such as prodrugs and enzyme inhibitors. Commonly employed in peptide coupling reactions to introduce long-chain fatty acid derivatives, enhancing membrane permeability in drug design. Also utilized in the preparation of surfactants and functionalized polymers for biomedical applications.