Used in the production of polymers and resins, it serves as a key intermediate in creating materials with enhanced durability and flexibility. It is also employed in the synthesis of specialty chemicals, including adhesives and coatings, where its reactivity contributes to improved performance. Additionally, it finds application in the pharmaceutical industry as a building block for active ingredients, aiding in the development of various therapeutic agents. Its role in organic synthesis further extends to the manufacture of agrochemicals, supporting the creation of effective crop protection products.