This chemical is primarily utilized in the synthesis of specialized polymers and coatings, where its unique structure allows for cross-linking and improved material properties. It is also employed in the development of adhesives and sealants, enhancing their durability and flexibility. In the pharmaceutical industry, it serves as an intermediate in the production of certain drugs, particularly those requiring precise molecular modifications. Additionally, its application in surface modification of materials is notable, as it can improve hydrophilicity and adhesion characteristics. Its versatility makes it valuable in research and industrial processes requiring tailored chemical functionalities.