Used as a reactive diluent and solvent in coatings, inks, and adhesives due to its ability to improve flow and reduce viscosity. It is also employed in the synthesis of specialty monomers and polymers, particularly in UV-curable systems where it contributes to film formation and flexibility. Its hydroxyl and ester functionalities allow it to participate in crosslinking reactions, enhancing durability and adhesion in final products. Additionally, it finds use in the fragrance industry as a blending agent for esters due to its mild, pleasant odor.