This compound is widely used in organic synthesis, particularly in the production of polymers and resins. Its unique structure makes it a valuable monomer in the creation of specialty plastics with high thermal stability and chemical resistance. It is also employed in the development of adhesives and coatings, where its ability to form strong, durable bonds is highly beneficial. Additionally, it serves as a key intermediate in the synthesis of pharmaceuticals and fine chemicals, contributing to the production of various therapeutic agents. Its application in the field of material science extends to the creation of advanced composites, which are utilized in industries ranging from aerospace to automotive for their lightweight and robust properties.