Used primarily in the production of advanced polymers and resins, this compound enhances material properties such as thermal stability and mechanical strength. It is a key component in the synthesis of high-performance plastics, which are utilized in automotive parts, aerospace components, and electronic devices. Additionally, it serves as a precursor in the development of specialty chemicals for coatings and adhesives, offering improved durability and resistance to environmental factors. Its role in creating cross-linked polymers also makes it valuable in the manufacturing of composite materials used in construction and industrial applications.