Used as a reactive diluent in UV-curable coatings and inks, improving flow and reducing viscosity without compromising curing speed. Acts as a biodegradable solvent in eco-friendly formulations, particularly in adhesives and cleaning products. Serves as an intermediate in the synthesis of pharmaceuticals and agrochemicals due to its ester and hydroxyl functionalities. Also explored as an electrolyte component in lithium-ion batteries for enhanced stability and performance.