Used in the synthesis of various organic compounds, particularly in the production of specialty chemicals. It serves as a key intermediate in the manufacture of polymers and resins, enhancing their flexibility and durability. Additionally, it finds application in the formulation of personal care products, such as moisturizers and creams, due to its humectant properties that help retain moisture. In the pharmaceutical industry, it is utilized as a building block for drug development, contributing to the creation of active pharmaceutical ingredients with improved efficacy. Its role in industrial applications includes functioning as a lubricant additive, improving the performance and longevity of machinery.