This chemical is primarily used in the synthesis of specialized polymers and surfactants due to its unique ether and alcohol functional groups. Its structure allows it to act as a solubilizing agent, making it valuable in formulations where improved solubility of hydrophobic compounds is required. It is also utilized in the production of coatings and adhesives, where it enhances flexibility and adhesion properties. Additionally, it finds application in the development of personal care products, such as creams and lotions, where it aids in stabilizing emulsions and improving texture. Its role in organic synthesis as an intermediate further extends its use in creating complex chemical compounds for various industrial applications.