Used as an intermediate in the synthesis of specialty polymers and resins, particularly in the production of high-performance epoxy and polycarbonate materials. Exhibits utility in developing optical materials due to its ability to enhance transparency and thermal stability. Also employed in the formulation of UV absorbers and antioxidants for coatings and plastics, offering improved resistance to environmental degradation. Its hydroxyl-rich structure makes it suitable for cross-linking applications in adhesives and composite systems.