Used primarily as an intermediate in organic synthesis, particularly in the production of caprylic acid derivatives and esters for use in flavorings, fragrances, and cosmetic formulations. It serves as an acylating agent in the modification of active pharmaceutical ingredients to improve lipid solubility and bioavailability. Also employed in the preparation of surfactants and emollients in personal care products due to its ability to form mild, skin-compatible compounds. Its reactivity makes it valuable in polymer chemistry for introducing aliphatic chains into larger molecules, enhancing hydrophobicity and stability.