This chemical is widely used as a building block in the synthesis of polymers and resins, particularly in the production of polyesters and polyurethanes. Its multifunctional hydroxyl groups make it a valuable cross-linking agent, enhancing the durability and stability of the final materials. It is also employed in the formulation of adhesives, coatings, and sealants, where it contributes to improved flexibility and adhesion properties.

In the pharmaceutical industry, it serves as an intermediate in the synthesis of various drugs and active pharmaceutical ingredients (APIs). Its ability to act as a precursor for biocompatible materials makes it suitable for use in drug delivery systems and medical devices.

Additionally, it finds applications in personal care products, such as moisturizers and creams, where it functions as a humectant, helping to retain moisture and improve skin hydration. Its non-toxic and skin-friendly nature makes it a preferred ingredient in cosmetic formulations.