Used as a versatile intermediate in organic synthesis, particularly in the production of specialty polymers and surfactants. Its dual hydroxyl and ether functional groups enable cross-linking reactions, making it valuable in modifying resin systems for coatings and adhesives. It is also employed in the formulation of lubricants and plasticizers due to its flexibility and hydrophilic properties. Additionally, it finds use in the synthesis of biocompatible materials and drug delivery systems where moderate hydrophilicity and low toxicity are required.