This chemical is primarily utilized as a crosslinking agent in the production of polymers and resins. It enhances the durability and thermal stability of materials, making it valuable in coatings, adhesives, and sealants. Additionally, it is employed in the synthesis of water-soluble polymers, which are used in various industrial applications, including paper manufacturing and textile processing. Its ability to form strong, stable bonds also makes it suitable for use in advanced materials for electronics and automotive components.