Used as an intermediate in the synthesis of vitamins E and K, as well as other pharmaceuticals. Serves as a building block in organic synthesis due to its functional hydroxyl and alkyne groups. Employed in the production of specialty polymers and resins where bifunctional monomers are required. Also utilized in the preparation of surfactants and stabilizers in industrial formulations. Its rigid molecular structure makes it suitable for creating cross-linked networks in coatings and adhesives.