Used primarily as a reactive monomer in the synthesis of specialty polymers and copolymers, this compound contributes to the development of water-soluble resins and coatings with improved adhesion and flexibility. Its functional group enables easy incorporation into acrylic-based systems, making it valuable in formulating adhesives, dispersants, and thickening agents. It is also employed in controlled release systems and as an intermediate in the production of pharmaceuticals and agrochemicals due to its ability to undergo esterification and polymerization reactions.