This chemical is primarily utilized in the field of polymer chemistry as a monomer for the synthesis of advanced polymeric materials. Its oxetane ring structure allows it to participate in ring-opening polymerization reactions, which are crucial for creating polymers with specific properties such as high thermal stability, chemical resistance, and mechanical strength. These polymers find applications in coatings, adhesives, and sealants, where durability and performance under harsh conditions are essential. Additionally, the benzyloxy group can provide further functionalization opportunities, enabling the development of tailored materials for specialized industrial applications.