This chemical is primarily utilized as an intermediate in organic synthesis, particularly in the production of specialized polymers and resins. It is often employed in the modification of surface-active agents, enhancing their solubility and compatibility in various formulations. Additionally, it finds application in the development of coatings and adhesives, where it contributes to improved adhesion and durability. In the pharmaceutical industry, it is used as a reagent in the synthesis of certain active pharmaceutical ingredients (APIs), aiding in the introduction of specific functional groups. Its role in the creation of advanced materials and chemical processes underscores its importance in industrial and research applications.