Used primarily as a monomer in the production of polymers, it contributes to the creation of materials with high thermal stability and chemical resistance. These polymers are often utilized in coatings, adhesives, and specialty plastics. Additionally, it serves as an intermediate in organic synthesis, aiding in the development of pharmaceuticals and agrochemicals. Its versatility also extends to the field of nanotechnology, where it is employed in the fabrication of nanostructured materials.