This chemical is primarily used as an intermediate in organic synthesis, particularly in the production of antioxidants and stabilizers for polymers. It plays a crucial role in the development of compounds that protect materials from oxidative degradation, enhancing their durability and lifespan. Additionally, it is employed in the synthesis of specialty chemicals used in the pharmaceutical and agrochemical industries, where its unique structure contributes to the creation of biologically active molecules. Its application is also seen in research and development for designing advanced materials with improved thermal and oxidative stability.