Used primarily in the production of polymers and resins, this compound acts as a key monomer in the synthesis of specialty plastics. It is particularly valued in the creation of materials with high thermal stability and chemical resistance, making it suitable for automotive and electronic components. Additionally, it is employed in the formulation of adhesives and coatings, where it enhances durability and performance. Its reactivity also allows for use in organic synthesis, contributing to the development of pharmaceuticals and fine chemicals.