Used in the synthesis of specialized lipids and surfactants, it plays a role in creating biodegradable detergents and emulsifiers. It is also utilized in the production of personal care products, such as moisturizers and creams, due to its ability to enhance skin hydration and texture. In research, it serves as a precursor for studying lipid metabolism and enzyme interactions. Additionally, it finds application in the development of bio-based polymers and coatings, contributing to sustainable material innovation.