Used as a chemical intermediate in the synthesis of pharmaceuticals, agrochemicals, and specialty polymers. Its epoxide functionality allows it to participate in ring-opening reactions, making it valuable for creating complex organic molecules. Commonly employed in the production of surfactants and functional fluids due to its reactivity and solubility characteristics. Also utilized in the preparation of chiral compounds, where its structure can be modified to support asymmetric synthesis. Handle with care due to its reactivity and potential toxicity.