Used primarily in the production of high-performance polymers and resins, this compound serves as a key intermediate in the synthesis of specialty chemicals. It is particularly valued in the manufacture of adhesives, coatings, and elastomers, where it enhances durability and flexibility. Additionally, it plays a role in the development of advanced materials for the automotive and aerospace industries, contributing to lightweight and robust components. Its application in organic synthesis also supports the creation of complex molecular structures for pharmaceuticals and agrochemicals.