Used as a building block in organic synthesis, particularly in the production of polymers and polyurethanes due to its two hydroxyl groups which allow for cross-linking. Commonly employed in the preparation of specialty resins and coatings where flexibility and durability are required. Also utilized in the synthesis of plasticizers to improve the workability and elasticity of plastics. Finds use in cosmetic formulations as a moisturizing agent and solvent for active ingredients. Its intermediate chain length provides a balance between hydrophilicity and lipophilicity, making it suitable for skin care products. Additionally, serves as a precursor in the development of certain pharmaceuticals and agrochemicals.