This chemical is primarily utilized in the synthesis of specialized polymers and coatings, where it acts as a building block for creating materials with specific properties such as enhanced durability, flexibility, or resistance to environmental factors. It is also employed in the development of advanced lubricants, where its molecular structure contributes to reducing friction and wear in mechanical systems. Additionally, it finds application in the production of surfactants and emulsifiers, which are essential in industries like cosmetics, detergents, and pharmaceuticals for stabilizing formulations and improving product performance. Its role in organic synthesis further extends to the creation of intermediates for pharmaceuticals and agrochemicals, enabling the development of compounds with targeted biological activities.