This chemical is primarily utilized in the synthesis of advanced polymers and resins, particularly in the production of high-performance coatings and adhesives. Its unique structure allows it to act as a cross-linking agent, enhancing the durability and chemical resistance of the final product. Additionally, it is employed in the development of specialized pharmaceuticals, where it serves as an intermediate in the creation of compounds with potential therapeutic applications. Its epoxy and hydroxyl functional groups make it a versatile building block in organic synthesis, contributing to the creation of complex molecules in both industrial and research settings.