Used primarily in the production of high-performance resins and polymers, it serves as a key intermediate in the synthesis of specialty chemicals. Its derivatives are essential in creating adhesives, coatings, and composites with enhanced thermal stability and mechanical properties. Additionally, it plays a role in the development of advanced materials for aerospace and automotive industries, where durability and resistance to extreme conditions are critical. It is also utilized in the formulation of certain types of elastomers, contributing to their flexibility and strength. Furthermore, it is employed in the fuel industry to improve oil quality and enhance combustion efficiency. Moreover, it can be used as an additive in lubricants to reduce wear and extend the service life of machinery.