Used primarily as a reactive intermediate in polymer chemistry, this compound enables the introduction of hydroxymethyl groups into polymers, enhancing crosslinking capabilities. It is widely applied in the synthesis of functional polymers and copolymers for coatings, adhesives, and textile treatments due to its ability to improve water resistance, durability, and adhesion properties. Its presence in aqueous solution makes it suitable for emulsion polymerization processes, particularly in the production of specialty latexes. The stabilization with MEHQ ensures shelf stability during storage and handling, making it practical for industrial use in water-based systems.