Used in the production of specialty polymers and resins, it serves as a key intermediate in the synthesis of high-performance materials. It is also employed in the manufacture of adhesives and coatings, providing enhanced durability and chemical resistance. In the pharmaceutical industry, it acts as a building block for certain active pharmaceutical ingredients (APIs), contributing to the development of specific therapeutic agents. Additionally, it finds application in organic synthesis, particularly in the creation of complex molecules for research and industrial purposes.