This compound is primarily utilized in the synthesis of specialized polymers and coatings, where its unique structure contributes to enhanced durability and chemical resistance. It is often employed in the production of high-performance materials for industrial applications, such as protective coatings for metal surfaces and advanced adhesives. Additionally, it serves as a key intermediate in the development of pharmaceuticals, particularly in the creation of drug delivery systems that require controlled release mechanisms. Its role in organic synthesis also extends to the preparation of complex molecules used in research and development across various scientific fields.