Used primarily in the production of polymers and resins, this compound acts as a monomer or cross-linking agent, enhancing flexibility and durability in materials. It is also employed in the synthesis of adhesives and coatings, where it improves adhesion and resistance to environmental factors. In personal care products, it functions as a humectant, helping to retain moisture in skin and hair formulations. Additionally, it serves as an intermediate in organic synthesis for pharmaceuticals and specialty chemicals. Its water-soluble nature makes it suitable for use in aqueous-based systems across various industries.