Primarily used in the synthesis of advanced polymers and resins, this compound serves as a key intermediate in creating high-performance materials. Its incorporation into polymer chains enhances thermal stability and mechanical strength, making it valuable in the production of heat-resistant plastics and coatings. Additionally, it is utilized in the development of liquid crystal polymers (LCPs), which are essential in electronics for components like connectors and circuit boards due to their excellent dimensional stability and resistance to heat. In the field of adhesives and sealants, it contributes to improved durability and bonding properties. Furthermore, its role in organic synthesis extends to the preparation of specialty chemicals used in various industrial applications.