This chemical is widely utilized in the production of specialty polymers and resins, where it serves as a key building block due to its rigid cyclohexane structure and functional diol groups. It is particularly valuable in the synthesis of high-performance polyesters and polyurethanes, which are used in coatings, adhesives, and elastomers. The compound's stereochemistry also makes it suitable for creating chiral catalysts or ligands in asymmetric synthesis, enabling the production of enantiomerically pure pharmaceuticals. Additionally, it finds application in the formulation of advanced materials, such as liquid crystals, due to its ability to impart stability and specific optical properties. Its versatility and structural properties make it a valuable component in both industrial and fine chemical applications.