This chemical is primarily utilized as a reactive diluent in the formulation of epoxy resins. It helps in reducing the viscosity of the resin, making it easier to handle and apply, particularly in coatings, adhesives, and composite materials. Its incorporation enhances the mechanical properties and thermal stability of the final product. Additionally, it is employed in UV-curable systems, where it contributes to faster curing times and improved surface finish. The compound's structure also makes it suitable for use in high-performance applications requiring durability and resistance to environmental factors.