Used primarily as a reactive diluent in epoxy resin formulations, it enhances the flexibility and workability of the resin, making it easier to apply in coatings, adhesives, and composites. It also improves the mechanical properties and adhesion of the final product. Additionally, it finds application in the production of specialty chemicals and as an intermediate in organic synthesis, contributing to the development of various industrial materials. Its ability to modify polymer properties makes it valuable in industries requiring tailored material performance.