This chemical is primarily used as a monomer or intermediate in the production of polymers and resins. It is particularly valuable in the synthesis of polyurethanes, where it acts as a chain extender or crosslinking agent, enhancing the material's mechanical properties and flexibility. Additionally, it finds application in the formulation of adhesives, coatings, and sealants, contributing to improved durability and performance. Its bifunctional structure also makes it suitable for use in the creation of specialty chemicals, such as surfactants and lubricants, where it aids in achieving desired viscosity and stability. In the pharmaceutical industry, it may serve as a building block for drug delivery systems or excipients due to its biocompatibility.