Used in the synthesis of biologically active compounds, particularly in the development of antimicrobial and anti-inflammatory agents. It serves as a key intermediate in the production of macrolide antibiotics and other complex natural products. Its hydroxyl and carboxylic acid functional groups allow for selective modifications in organic synthesis, making it valuable in pharmaceutical research. Also investigated for its role in lipid metabolism studies and as a precursor in the preparation of specialty lipids for dermatological formulations.