This chemical is primarily utilized in the synthesis of polymers and resins, where it acts as a cross-linking agent. It enhances the mechanical strength and thermal stability of the final products, making it valuable in the production of coatings, adhesives, and composite materials. Additionally, it is employed in the pharmaceutical industry as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its role in organic synthesis also extends to the development of specialty chemicals and fine chemicals, where it contributes to the creation of complex molecular structures.