This chemical is primarily utilized as a reactive intermediate in the synthesis of various polymers and resins. It is particularly effective in the production of high-performance materials due to its ability to form strong covalent bonds during polymerization processes. The compound is often employed in the manufacturing of adhesives and coatings, where it enhances durability and resistance to environmental factors such as heat and chemicals. Additionally, it finds application in the development of specialized plastics and composites that require superior mechanical properties and stability. Its role in cross-linking reactions also makes it valuable in creating materials with improved thermal and chemical resistance, suitable for industrial and engineering applications. Furthermore, it is used in the production of corrosion inhibitors for metals, helping to extend the lifespan of equipment and metal structures in corrosive environments. In the pharmaceutical sector, this compound is studied as a starting material for synthesizing certain drugs with antimicrobial or anticancer properties. However, these latter applications remain in the research and experimental stages to assess efficacy and safety.