Used primarily as a chemical intermediate in the synthesis of polymers and resins. Its diol functionality allows it to participate in condensation reactions, making it valuable in producing polyesters and polyurethanes with enhanced flexibility and durability. It is also utilized in the manufacture of plasticizers to improve the workability and longevity of plastics. Additionally, it serves in the formulation of specialty solvents and coating agents due to its stability and solubility characteristics.