Used in the synthesis of advanced materials, particularly in the development of liquid crystals for display technologies. It serves as a key intermediate in organic synthesis, contributing to the production of surfactants and lubricants due to its long hydrophobic chain and phenyl group. Additionally, it is employed in research for studying lipid membranes and their interactions, aiding in the understanding of biological systems. Its unique structure also makes it suitable for creating specialty polymers with tailored properties.