This chemical is primarily used as a reactive intermediate in the synthesis of various polymers and specialty chemicals. It plays a significant role in the production of polyurethanes, where it acts as a chain extender or crosslinking agent, enhancing the material's mechanical properties and durability. Additionally, it is utilized in the creation of coatings, adhesives, and elastomers, providing improved flexibility and resistance to environmental factors. Its bifunctional nature allows it to participate in polymerization reactions, making it valuable in the development of high-performance materials for industrial and consumer applications.