Used primarily in industrial settings as a key component in the synthesis of specialized polymers, particularly those requiring high thermal stability and chemical resistance. It is also employed in the production of advanced coatings for electronic components, where durability and insulation properties are critical. In the pharmaceutical industry, it serves as an intermediate in the formulation of certain active ingredients, contributing to the development of medications targeting specific health conditions. Additionally, it finds application in research laboratories as a reagent for studying reaction mechanisms and developing new chemical processes. Its versatility makes it valuable across multiple sectors, including materials science and drug discovery.