This compound is primarily utilized in the synthesis of specialty chemicals and intermediates for the pharmaceutical and cosmetic industries. It serves as a key building block in the production of polymers and resins, particularly those requiring controlled degradation or specific functional properties. Its structure allows it to act as a crosslinking agent in polymer chemistry, enhancing the durability and stability of materials. Additionally, it is employed in the development of biodegradable plastics, contributing to environmentally friendly material solutions. In cosmetics, it is used in formulations for its ability to modify texture and improve the delivery of active ingredients. Its versatility makes it valuable in research and industrial applications requiring tailored chemical functionalities.