This chemical is primarily utilized in the synthesis of specialty polymers and surfactants due to its ether and alcohol functional groups, which enhance solubility and reactivity. It is often employed in the production of coatings, adhesives, and sealants, where it acts as a modifying agent to improve flexibility and adhesion properties. Additionally, it finds application in the formulation of personal care products, such as creams and lotions, where it functions as an emollient or stabilizer. Its structure also makes it suitable for use in pharmaceutical intermediates, contributing to the development of drug delivery systems.