Used primarily as a reactive intermediate in the synthesis of various polymers and resins, enhancing their properties such as adhesion, flexibility, and durability. It is also employed in the production of coatings and adhesives, where it improves performance and stability. Additionally, it serves as a cross-linking agent in the manufacture of specialty chemicals, contributing to the development of high-performance materials. In the pharmaceutical industry, it is utilized in the synthesis of active pharmaceutical ingredients (APIs) and drug delivery systems, offering precise control over molecular structures. Its versatility makes it valuable in creating advanced materials and compounds across multiple industries.