This chemical is primarily utilized as a reactive diluent in the formulation of epoxy resins. It helps to reduce the viscosity of the resin, making it easier to handle and apply, particularly in coatings, adhesives, and composite materials. Its incorporation improves the flow and penetration of the resin into substrates, enhancing the overall performance of the final product. Additionally, it contributes to the curing process, ensuring a more uniform and durable finish. This compound is also explored in the development of specialty chemicals and advanced materials due to its unique structural properties.