This chemical is primarily utilized in the synthesis of specialized polymers and resins, where it acts as a key intermediate. Its structure, featuring multiple functional groups, makes it suitable for creating cross-linked materials with enhanced durability and chemical resistance. It is often employed in the production of coatings and adhesives that require high performance under demanding conditions. Additionally, it finds application in the development of biomedical materials, such as drug delivery systems, due to its ability to form biocompatible and biodegradable polymers. Its versatility also extends to the field of organic synthesis, where it serves as a building block for more complex molecules.