Used as an intermediate in organic synthesis, particularly in the preparation of specialty esters and polymeric materials. It serves in the formulation of UV-curable coatings due to its ability to participate in radical polymerization when modified. Also employed in the development of biobased plasticizers, improving flexibility and processability of polymers like polylactic acid (PLA). Its hydroxyl groups allow for further chemical modifications, making it useful in synthesizing crosslinking agents or functional additives in resins and adhesives. Additionally, it has been explored in pharmaceutical applications as a building block for prodrugs due to its biocompatible ester and alcohol functionalities.