Used as a key intermediate in the production of polyether polyols, which are essential for manufacturing polyurethane foams, adhesives, and coatings. It is also employed in the synthesis of propylene glycol, a common ingredient in antifreeze, food additives, and pharmaceuticals. Additionally, it serves as a sterilizing agent for medical equipment and food products due to its effective antimicrobial properties. In industrial applications, it is utilized as a solvent and in the production of lubricants and surfactants. Its versatility makes it a valuable component in various chemical processes across multiple industries.