Used primarily in the synthesis of polymers and resins, this compound serves as a key intermediate in the production of coatings, adhesives, and sealants. Its triol structure allows it to act as a cross-linking agent, enhancing the durability and flexibility of the final products. Additionally, it finds application in the formulation of lubricants, where it helps improve viscosity and thermal stability. In the pharmaceutical industry, it is utilized as a building block for the development of certain drug molecules, owing to its ability to modify solubility and bioavailability. Its role in personal care products includes acting as a humectant, helping to retain moisture in skin and hair formulations.