This chemical is primarily used as a key intermediate in the synthesis of advanced polymers and resins, particularly those requiring high thermal stability and mechanical strength. It is employed in the production of epoxy resins, which are widely used in coatings, adhesives, and composite materials for industries such as aerospace, automotive, and electronics. Additionally, it serves as a building block for creating specialty polymers with enhanced flame retardant properties, making it valuable in applications where fire safety is critical. Its phenolic structure also makes it suitable for use in the development of antioxidants and stabilizers for various industrial materials.