Used primarily as a reactive intermediate in organic synthesis, it plays a key role in the production of polymers and resins. Its ability to introduce allyl groups makes it valuable in creating cross-linked materials, which are essential in coatings, adhesives, and sealants. Additionally, it is utilized in the modification of natural and synthetic polymers to enhance their properties, such as thermal stability and mechanical strength. In the pharmaceutical industry, it serves as a building block for synthesizing active pharmaceutical ingredients (APIs) and other fine chemicals. Its versatility also extends to the development of specialty chemicals for agricultural applications, including pesticides and herbicides.