This chemical is primarily utilized in the synthesis of advanced organic compounds, particularly in the development of specialty polymers and resins. It serves as a key intermediate in the production of materials with enhanced durability and thermal stability, making it valuable in industries requiring high-performance coatings and adhesives. Additionally, it is employed in the creation of photoactive compounds used in photolithography processes for semiconductor manufacturing. Its unique structure allows it to act as a building block in the formulation of UV-curable inks and coatings, contributing to efficient curing and improved surface properties.