Used primarily in the production of biodegradable polymers, this compound enables the synthesis of polycaprolactone (PCL), a polyester with excellent biocompatibility and flexibility. It is widely applied in biomedical fields such as drug delivery systems, tissue engineering scaffolds, and absorbable sutures due to its slow degradation rate in the body. In industrial applications, it serves as a modifier for resins and coatings, improving toughness and flexibility. It is also used in the manufacture of biodegradable plastics for packaging and disposable products, supporting environmentally friendly alternatives to conventional polymers. Additionally, it functions as a chain extender or cross-linking agent in polyurethane systems, enhancing elasticity and durability in elastomers and adhesives. In the cosmetics industry, it helps control the gradual release of active ingredients onto the skin.