This chemical is widely used as a reactive intermediate in the synthesis of various polymers and coatings. It plays a crucial role in the production of specialty coatings, where it enhances flexibility, adhesion, and durability. Additionally, it is employed in the formulation of adhesives, contributing to improved bonding properties and stability. Its application extends to the pharmaceutical industry, where it is utilized in the synthesis of active pharmaceutical ingredients (APIs) and drug delivery systems. The compound is also valuable in the development of personal care products, such as cosmetics and skincare formulations, where it acts as a conditioning agent and improves product texture. Its versatility makes it a key component in industrial and consumer applications.