This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various complex molecules. Its structure, featuring multiple hydroxyl and carbonyl groups, makes it a versatile building block for constructing polymers and resins. In material science, it is employed to develop advanced materials with specific optical and mechanical properties, such as coatings and adhesives. Additionally, it finds application in the pharmaceutical industry as a precursor in the synthesis of bioactive compounds, contributing to the development of new drugs. Its role in UV-curable formulations is also noteworthy, where it enhances the performance of inks and varnishes.