Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals due to its functional diol structure, which allows for easy modification and incorporation into more complex molecules. Its cyclohexyl group provides lipophilicity, enhancing membrane permeability in drug candidates. Also employed in the development of specialty polymers, where it contributes to improved thermal stability and mechanical properties. Additionally, it serves as a building block in the preparation of biologically active compounds, including antiviral and anti-inflammatory agents.