This compound is primarily utilized in the synthesis of complex organic molecules, particularly in the development of specialized polymers and resins. Its structure makes it suitable for creating materials with specific flexibility and durability characteristics, often used in coatings and adhesives. Additionally, it serves as an intermediate in the production of fragrances and flavoring agents, contributing to the aromatic profiles of various consumer products. In pharmaceutical research, it is explored for its potential in designing drug delivery systems due to its ability to modify the solubility and stability of active ingredients. Its application in research and industrial settings highlights its versatility in organic synthesis and material science.