This chemical is primarily utilized in the synthesis of various organic compounds, particularly in the development of polymers and resins. Its structure allows it to act as a building block for creating cross-linked polymers, which are essential in producing durable and heat-resistant materials. It is also employed in the manufacture of specialty coatings and adhesives, where its unique properties enhance performance and stability. Additionally, it serves as an intermediate in pharmaceutical research, contributing to the development of novel drug molecules. Its versatility makes it valuable in industries requiring advanced material science and chemical innovation.