Used primarily as a key intermediate in the production of high-performance polymers and resins, particularly polycarbonates and epoxy resins. These materials are widely applied in the manufacturing of durable plastics, coatings, and adhesives, offering excellent thermal stability, mechanical strength, and chemical resistance. Additionally, it serves as a building block in the synthesis of specialty chemicals used in the automotive, electronics, and construction industries. Its versatility also extends to the development of flame retardants and impact modifiers, enhancing the safety and durability of various end products.