This chemical is primarily used in the production of polymers and copolymers, where it acts as a monomer. It is particularly valued for its ability to enhance the stability and performance of polymers in various industrial applications. The compound is often incorporated into coatings, adhesives, and sealants to improve their durability and resistance to environmental factors such as UV light, heat, and moisture. Additionally, it is utilized in the synthesis of specialty polymers that require specific mechanical or chemical properties, making it a versatile component in advanced material science. Its unique structure also allows it to be used in the development of hydrogels, which have applications in medical fields, including drug delivery systems and wound care products.