Used primarily as a key intermediate in organic synthesis, this compound plays a significant role in the production of advanced polymers and resins. Its unique structure allows it to act as a cross-linking agent, enhancing the thermal stability and mechanical properties of materials. It is also employed in the development of specialty coatings and adhesives, offering improved resistance to chemicals and environmental factors. Additionally, it finds application in the pharmaceutical industry, where it serves as a building block for the synthesis of complex molecules with potential therapeutic properties.