This chemical is primarily used in the synthesis of complex organic molecules, particularly in the field of polymer chemistry and material science. It serves as a key intermediate in the production of specialized polymers that exhibit unique properties such as enhanced solubility, stability, and controlled release characteristics. These polymers are often utilized in drug delivery systems, where they help in the targeted and sustained release of therapeutic agents. Additionally, the compound finds application in the development of advanced coatings and adhesives, where its structural properties contribute to improved performance and durability. Its role in facilitating precise chemical modifications makes it valuable in research and industrial processes aimed at creating innovative materials with tailored functionalities.