Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. Its structure allows for functionalization in creating biologically active molecules. Also employed in the preparation of ligands for catalytic processes in organic synthesis. Shows utility in the production of specialty polymers due to its bifunctional alcohol groups, enabling cross-linking and polymer network formation. Additionally, explored in coordination chemistry for designing metal-organic frameworks (MOFs) with potential applications in sensing and gas storage.