Used as a crosslinking agent in polymer chemistry, particularly in the development of specialty resins and polyurethanes. Its thioether linkages provide chemical resistance and flexibility to the resulting polymers. Also employed in the synthesis of ligands for metal coordination in catalysis. Due to the presence of hydroxyl groups, it participates in hydrogen bonding, enhancing adhesion properties in coating formulations. Additionally, it finds use in the preparation of functional monomers for advanced material applications.