This chemical is primarily utilized in the synthesis of specialized polymers and coatings, where its unique structure contributes to enhanced solubility and stability in aqueous environments. It is often employed in the development of biocompatible materials, particularly for medical devices and drug delivery systems, due to its ability to improve the compatibility and performance of these products. Additionally, it serves as a key intermediate in the production of surfactants and emulsifiers, which are essential in various industrial and cosmetic formulations. Its multifunctional properties also make it valuable in research and development for creating advanced materials with tailored characteristics.