Used as a key intermediate in the synthesis of specialty polymers, particularly in the production of polyoxetanes, which are valued for their high thermal stability and mechanical strength. It is also employed in the development of adhesives, coatings, and sealants, where its reactivity with other monomers enhances performance characteristics such as flexibility and durability. Additionally, it finds application in the pharmaceutical industry for the preparation of drug delivery systems, leveraging its ability to form biocompatible polymers.