Used primarily as an intermediate in the synthesis of high-performance polymers and resins, it plays a key role in the production of materials with excellent thermal stability and chemical resistance. It is also utilized in the manufacture of specialty chemicals, including corrosion inhibitors and flame retardants, which are essential in industries like electronics, automotive, and construction. Additionally, it serves as a building block in the development of advanced agrochemicals, contributing to the creation of pesticides and herbicides with enhanced efficacy. Its applications extend to the pharmaceutical sector, where it is employed in the synthesis of active pharmaceutical ingredients (APIs) for various therapeutic agents.