This chemical is primarily utilized in the synthesis of specialized polymers and surfactants due to its unique structure, which combines both hydrophilic and hydrophobic properties. It is often employed in the development of advanced materials, such as coatings and adhesives, where controlled solubility and compatibility are essential. Additionally, it serves as a key intermediate in the production of pharmaceutical compounds, particularly in the design of drug delivery systems that require precise modulation of solubility and release characteristics. Its application in organic synthesis also extends to the creation of complex molecules for research and industrial purposes.