Used primarily as a reactive intermediate in organic synthesis, this compound serves as a versatile building block for introducing epoxy and ether functionalities into more complex molecules. Its epoxide ring readily undergoes acid- or base-catalyzed opening, enabling the formation of polyether structures or functionalized alcohols. It is particularly valuable in the preparation of specialty polymers, surfactants, and pharmaceuticals where a benzyloxy-terminated ethylene oxide spacer is required. The presence of the benzyl group allows for further modification or deprotection under mild conditions, making it useful in multi-step synthesis and protective group strategies.