Used in the production of polycarbonate plastics and epoxy resins, this compound serves as an intermediate in organic synthesis. It is valued for its thermal stability and is often employed in the development of specialty polymers. Its structural properties make it suitable for use in coatings, adhesives, and electronic materials where durability and resistance to heat are required. Additionally, it finds application in the synthesis of liquid crystals and other performance chemicals used in advanced manufacturing and industrial formulations.