Used as a key intermediate in the synthesis of functional polymers and specialty chemicals, this compound is particularly valuable in the production of polyurethanes and polyurea systems. Its hydroxyl groups enable reactivity with isocyanates, contributing to the crosslinking and curing process, which enhances the mechanical and thermal stability of the final polymer. It is also employed in the formulation of surfactants and emulsifiers due to its amphiphilic structure, improving solubility and dispersion in aqueous and organic media. Additionally, it finds use in personal care products as a building block for conditioning agents, offering improved moisture retention and softness in hair and skin formulations. Its versatility in chemical modification makes it suitable for agrochemicals, lubricant additives, and corrosion inhibitors.