This chemical is primarily used in the synthesis of various organic compounds, particularly in the production of specialty chemicals and intermediates. Its structure, featuring both an ether and an alcohol functional group, makes it valuable in the development of fragrances, where it can act as a fixative or solvent to enhance the longevity and stability of scent formulations. Additionally, it is employed in the pharmaceutical industry as a building block for creating active pharmaceutical ingredients (APIs) or excipients, where its properties can influence drug solubility and delivery. In material science, it may be utilized in the preparation of polymers or coatings, contributing to improved flexibility and adhesion properties. Its applications are often tailored to leverage its unique chemical reactivity and compatibility with other substances.