This chemical is primarily used as a versatile intermediate in the synthesis of various polymers and plastics. It plays a crucial role in the production of polyesters and polyurethanes, where it acts as a chain extender or cross-linking agent, enhancing the material's durability and flexibility. Additionally, it is employed in the formulation of adhesives, coatings, and sealants, providing improved adhesion and resistance to environmental factors. In the pharmaceutical industry, it serves as a building block for the synthesis of certain active pharmaceutical ingredients (APIs). Its ability to form stable bonds makes it valuable in creating high-performance materials for industrial and consumer applications.