Used primarily in the production of high-performance polymers, it serves as a key component in creating polyurethane elastomers and coatings. These materials are valued for their durability, flexibility, and resistance to chemicals, making them suitable for industrial applications such as protective coatings, adhesives, and sealants. Additionally, it is utilized in the synthesis of specialty resins that enhance the mechanical and thermal properties of composites, often employed in automotive and aerospace industries. Its role in improving material performance underscores its importance in advanced manufacturing processes.