This chemical is primarily utilized as an intermediate in the synthesis of more complex organic compounds. It is often employed in the production of specialty chemicals, particularly in the development of polymers and coatings. Its structure allows it to act as a linker or spacer in the creation of cross-linked materials, enhancing the flexibility and durability of the final product. Additionally, it finds application in the pharmaceutical industry, where it is used in the formulation of drug delivery systems, enabling controlled release mechanisms. Its ester and ether functional groups make it suitable for modifying surface properties in various industrial applications, such as adhesives and surfactants.