Widely used as a solvent and chemical intermediate in organic synthesis, this compound is particularly effective in stabilizing reactive components in formulations. It serves in the production of resins, coatings, and adhesives due to its ability to improve flow and leveling while reducing viscosity. Its dual hydroxyl groups allow it to act as a coupling agent or chain extender in polymer systems. Commonly found in agricultural formulations, it enhances the efficacy of crop protection chemicals by improving solubility and penetration. It is also utilized in the pharmaceutical industry as a reaction medium or stabilizer in drug synthesis. Due to its low volatility and high solvency, it is preferred in industrial cleaners and degreasers. Additionally, it functions as a moisture-resistant plasticizer in certain polymers, improving flexibility without compromising durability.