This chemical is primarily utilized in the synthesis of polymers and advanced materials due to its reactive functional groups, which enable it to act as a monomer or cross-linking agent. It is particularly valuable in creating biocompatible and biodegradable polymers for medical applications, such as drug delivery systems and tissue engineering scaffolds. Its hydroxyl group allows for further chemical modifications, enhancing its compatibility with various substrates. Additionally, it is employed in the development of adhesives, coatings, and resins, where its structural properties contribute to improved mechanical strength and durability. Its versatility also makes it suitable for research in organic synthesis and material science.