Used as a key intermediate in the synthesis of specialty polymers and resins, it enhances thermal stability and mechanical properties in high-performance materials. It is also employed in the production of corrosion inhibitors, which protect metal surfaces in industrial applications. Additionally, it serves as a building block in organic synthesis for pharmaceuticals and agrochemicals, contributing to the development of active ingredients. Its role in creating liquid crystals for display technologies is notable, improving the efficiency and clarity of electronic screens.