This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the production of specialized polymers and resins. Its unique structure, combining a tetrahydrofuran ring with a hydroxyl group, makes it a valuable intermediate in creating materials with specific flexibility and solubility properties. It is also employed in the development of pharmaceutical agents, where it serves as a building block for active ingredients, particularly in drugs targeting the central nervous system. Additionally, it finds use in the formulation of adhesives and coatings, contributing to improved performance and durability in industrial applications.