This compound is primarily utilized in the production of high-performance polymers and resins, particularly in the synthesis of polycarbonates and epoxy resins. These materials are widely used in the manufacturing of durable plastics, coatings, and adhesives, offering excellent thermal stability, mechanical strength, and resistance to environmental factors. It also finds application in the development of flame retardants, enhancing the safety of various materials used in construction and electronics. Additionally, it serves as an intermediate in the synthesis of specialty chemicals, including antioxidants and stabilizers for industrial processes. Its role in advanced material science contributes to innovations in automotive, aerospace, and consumer goods industries.