Used primarily in the synthesis of specialty polymers, this compound acts as a key monomer due to its reactive methylene group, enabling the formation of high-performance materials. It is also employed in the production of coatings and adhesives, where its structure enhances durability and resistance to environmental factors. Additionally, it serves as an intermediate in organic synthesis, contributing to the development of pharmaceuticals and agrochemicals. Its unique properties make it valuable in creating tailored chemical solutions for industrial applications.