This chemical is primarily utilized in the synthesis of specialized polymers and resins, where it acts as a key monomer. Its unique structure allows it to contribute to the formation of high-performance materials with excellent thermal stability and mechanical properties. These materials are often employed in industries requiring durable coatings, adhesives, and composites, such as aerospace and automotive manufacturing. Additionally, it serves as an intermediate in organic synthesis, particularly in the production of complex cyclic compounds used in pharmaceuticals and agrochemicals. Its application in these fields highlights its versatility and importance in advanced material and chemical development.