This chemical is primarily utilized in the synthesis of complex organic molecules, particularly in the field of polymer chemistry. It serves as a key intermediate in the production of polyethylene glycol (PEG) derivatives, which are widely used in drug delivery systems to enhance the solubility, stability, and bioavailability of therapeutic compounds. Additionally, it plays a role in the development of biocompatible materials for medical devices and coatings, where its unique structure contributes to improved performance and functionality. The compound is also employed in the creation of surfactants and emulsifiers, which are essential in various industrial applications, including cosmetics, detergents, and agrochemical formulations. Its ability to form stable bonds with other molecules makes it valuable in the design of advanced materials with tailored properties.