Used primarily as a chemical intermediate in organic synthesis, this compound plays a significant role in the production of various specialty chemicals. It is often employed in the manufacture of polymers and resins, where it acts as a cross-linking agent to enhance material properties such as durability and thermal stability. Additionally, it finds application in the synthesis of agrochemicals, contributing to the development of pesticides and herbicides. Its unique structure also makes it useful in the preparation of coatings and adhesives, where it improves performance characteristics like adhesion and resistance to environmental factors. In the pharmaceutical industry, it serves as a precursor in the synthesis of active pharmaceutical ingredients (APIs), aiding in the creation of drugs with specific therapeutic effects.