This chemical is primarily utilized in the formulation of advanced polymers and surfactants due to its unique structure, which combines both hydrophilic and hydrophobic properties. It is often employed in the production of specialized coatings and adhesives, where it enhances flexibility and durability. Additionally, it serves as a key component in the development of biocompatible materials, making it valuable in medical applications such as drug delivery systems and tissue engineering scaffolds. Its ability to stabilize emulsions also makes it useful in the cosmetics industry for creating smooth, long-lasting formulations.