This compound is primarily used as an intermediate in the synthesis of various organic compounds. It plays a significant role in the production of specialty chemicals, particularly in the development of polymers and resins. Its structure allows it to act as a building block for creating materials with specific mechanical and thermal properties. Additionally, it is utilized in the formulation of certain coatings and adhesives, where it contributes to enhancing durability and performance. In the pharmaceutical industry, it can serve as a precursor in the synthesis of active pharmaceutical ingredients (APIs), aiding in the development of new drugs. Its versatility makes it valuable in research and industrial applications requiring tailored chemical properties.