This chemical is primarily utilized as a crosslinking agent in the production of polymers and resins, particularly in coatings and adhesives. Its multiple hydroxyl groups enable it to form strong, durable bonds, enhancing the mechanical and thermal stability of the final product. Additionally, it is employed in the synthesis of specialty chemicals, where it acts as a key intermediate for creating compounds with specific functional properties. In industrial applications, it is valued for its ability to improve the performance and longevity of materials under demanding conditions.