This chemical is primarily used in the synthesis of organic compounds, particularly in the production of polymers and resins. It serves as a key intermediate in the creation of high-performance materials, such as epoxy resins and polyimides, which are valued for their thermal stability and mechanical strength. Additionally, it is employed in the development of liquid crystal displays (LCDs) due to its ability to form stable and ordered structures. In the pharmaceutical industry, it acts as a building block for the synthesis of various drug molecules, contributing to the development of therapeutic agents. Its versatile reactivity also makes it useful in organic synthesis for constructing complex molecular architectures.