Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of surfactants and specialty ethers. Its functional groups allow for selective modifications in pharmaceutical and agrochemical manufacturing. It is also employed in the production of water-soluble polymers and as a derivatizing agent in analytical chemistry. Due to its alkylating properties, it facilitates the introduction of hydrophilic side chains into complex molecules, enhancing solubility and bioavailability in drug development.