Used as a key intermediate in the synthesis of various polymers and resins, particularly in the production of water-based coatings and adhesives. It acts as a reactive diluent, improving the flexibility and durability of the final product. Additionally, it is employed in the formulation of personal care products, such as skin creams and lotions, where it functions as a moisturizing agent and enhances the texture of the product. Its compatibility with other chemicals makes it a versatile component in industrial and cosmetic applications.