Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting neurological disorders and cancer. It plays a role in creating compounds with potential anti-inflammatory and antioxidant properties. Additionally, it is utilized in the production of specialty polymers and resins, enhancing their mechanical and thermal stability. In material science, it contributes to the development of advanced coatings and adhesives with improved performance characteristics. Its applications also extend to organic synthesis, where it serves as a building block for complex molecules in research and industrial processes.