This chemical is primarily utilized in the synthesis of specialized polymers and resins, where its unique oxetane ring structure enhances properties like adhesion, flexibility, and chemical resistance. It is also employed in the production of advanced coatings, particularly for automotive and industrial applications, due to its ability to improve durability and performance under harsh conditions. Additionally, it serves as a key intermediate in organic synthesis, contributing to the development of pharmaceuticals and agrochemicals, where its reactivity and structural features enable the creation of complex molecules. Its application in UV-curable materials is notable, as it helps achieve rapid curing and high-performance finishes in inks, adhesives, and coatings.