Used primarily in the production of polyurethane foams and coatings, this compound acts as a key intermediate. It is also employed in the synthesis of various agrochemicals and pharmaceuticals, where it serves as a building block for more complex molecules. In material science, it contributes to the development of adhesives and sealants, enhancing their durability and flexibility. Additionally, it finds application in the manufacture of specialty chemicals, including those used in the automotive and construction industries, due to its reactivity and ability to form strong chemical bonds.