This compound is primarily utilized in the synthesis of specialized polymers and coatings, where it acts as a crosslinking agent to enhance durability and flexibility. It is also employed in the development of drug delivery systems, particularly for modifying the surface of nanoparticles to improve their stability and targeting efficiency. In the field of organic chemistry, it serves as a key intermediate for the preparation of hydrazone derivatives, which are valuable in various pharmaceutical and agrochemical applications. Additionally, its unique structure makes it suitable for use in the formulation of adhesives and sealants, providing improved bonding properties.