This chemical is primarily used as a monomer or intermediate in the synthesis of polymers, particularly polyurethanes and polyesters. Its structure, containing hydroxyl groups and ether linkages, makes it suitable for creating flexible and durable materials. It is also employed in the production of coatings, adhesives, and elastomers, where its properties contribute to improved elasticity and resistance to wear. Additionally, it finds application in the formulation of specialty chemicals, such as surfactants and lubricants, due to its ability to enhance solubility and stability in various formulations.