Used in the synthesis of crosslinking agents for polymers, enhancing thermal and mechanical stability in coatings and resins. Employed in the production of specialty monomers for optical materials and photoresists due to its phenolic structure and reactive hydroxyl group. Serves as an intermediate in the development of pharmaceuticals and bioactive compounds, particularly in prodrug design and linker technologies. Also utilized in the preparation of functionalized surfaces for sensors and biomedical devices.