Used primarily in the production of polyurethane foams and coatings, this chemical acts as a key intermediate. It enhances the durability and flexibility of the final products, making them suitable for automotive parts, insulation materials, and protective coatings. Additionally, it is employed in the synthesis of agrochemicals and pharmaceuticals, where it serves as a building block for active ingredients. Its reactivity with various compounds allows for the creation of specialized polymers and resins used in industrial applications.