This chemical is primarily utilized in the synthesis of biodegradable polymers, particularly polyesters, due to its hydroxyl and carboxyl functional groups. It serves as a monomer in the production of eco-friendly plastics, offering a sustainable alternative to petroleum-based materials. Additionally, it finds application in the formulation of personal care products, such as moisturizers and skin conditioners, where it acts as a humectant to retain moisture and improve skin texture. In the pharmaceutical industry, it is used as an intermediate in the synthesis of certain drugs, contributing to the development of active pharmaceutical ingredients. Its water-soluble nature also makes it suitable for use in cleaning agents and detergents, enhancing their effectiveness in various applications.