This chemical is primarily utilized in the production of high-performance polymers and resins, particularly those requiring excellent thermal stability and mechanical strength. It serves as a key intermediate in the synthesis of polycarbonates and epoxy resins, which are widely used in the automotive, electronics, and construction industries. Its ability to enhance durability and resistance to environmental factors makes it valuable in coatings and adhesives. Additionally, it finds application in the development of flame-retardant materials, contributing to improved safety standards in various industrial and consumer products.