This chemical is primarily used as a reactive intermediate in organic synthesis, particularly in the production of specialty polymers and resins. Its structure allows it to act as a cross-linking agent, enhancing the thermal and mechanical properties of the final materials. It is also employed in the development of coatings and adhesives, where it contributes to improved durability and resistance to environmental factors. Additionally, it finds application in the pharmaceutical industry as a building block for synthesizing complex molecules with specific biological activities. Its stability and reactivity make it a valuable component in advanced material science and chemical manufacturing processes.