This chemical is primarily utilized in the field of organic synthesis and material science. It serves as a key intermediate in the development of advanced polymers and resins, particularly those requiring high thermal stability and mechanical strength. Its structure allows it to act as a cross-linking agent, enhancing the durability and performance of materials in harsh environments. Additionally, it is explored in pharmaceutical research for its potential role in creating novel drug delivery systems, owing to its ability to form stable complexes with bioactive molecules. Its application in catalysis is also under investigation, where it may facilitate specific organic transformations with improved efficiency.