Used primarily as a reactive diluent in epoxy resins, it enhances flexibility and reduces viscosity, making the resin easier to handle and apply. It is also employed in the production of adhesives, coatings, and composites, where it improves adhesion and durability. In the textile industry, it serves as a modifier for fabric finishes, providing water repellency and wrinkle resistance. Additionally, it acts as an intermediate in the synthesis of specialty chemicals, including plasticizers and surfactants, contributing to their performance in various industrial applications.