This chemical is widely used in the synthesis of polymers and specialty materials due to its unique structure, which combines both hydrophilic and hydrophobic properties. It serves as a key intermediate in the production of biocompatible polymers, particularly for medical applications such as drug delivery systems and tissue engineering scaffolds. Its ability to form stable, flexible chains makes it suitable for creating hydrogels and coatings that require controlled release or moisture retention. Additionally, it is utilized in the development of surfactants and emulsifiers for industrial and cosmetic formulations, where its balanced solubility enhances product performance. Its ester group also allows for further chemical modifications, making it a versatile building block in organic synthesis.