Used as an intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the development of anti-inflammatory and analgesic agents. Its structure supports conjugation with other bioactive molecules, enhancing stability and solubility in drug formulations. Also explored in polymer chemistry for creating specialty resins with improved thermal and oxidative resistance. Shows potential in the design of estrogen receptor modulators due to structural similarity to bisphenol compounds, making it relevant in medicinal chemistry research.