This chemical is primarily used as a specialized intermediate in organic synthesis, particularly in the production of complex molecules. Its structure, featuring both ester and ether functionalities, makes it valuable for creating polymers and surfactants with specific properties. It is often employed in the development of biodegradable materials and in the formulation of advanced lubricants. Additionally, it serves as a key component in the synthesis of pharmaceutical compounds, where its unique structure aids in enhancing solubility and bioavailability. Its applications also extend to the field of nanotechnology, where it is used in the design of functionalized nanoparticles for targeted drug delivery systems.