Used as a reactive intermediate in the synthesis of polymers and resins, particularly in alkyd and polyurethane formulations. Its multifunctional alcohol structure enables cross-linking, enhancing durability, flexibility, and chemical resistance in coatings and adhesives. Also employed in the production of specialty solvents and plasticizers, where it improves solubility and lowers viscosity. Its ether and hydroxyl groups contribute to moderate water solubility and compatibility with various organic systems, making it useful in formulated industrial chemicals.