This chemical is primarily utilized as a building block in organic synthesis, particularly in the production of polymers and resins. It serves as a cross-linking agent in the formulation of coatings, adhesives, and sealants, enhancing their durability and mechanical properties. Additionally, it is employed in the synthesis of specialty chemicals, including plasticizers and stabilizers, which are essential in improving the performance of various industrial materials. Its multifunctional structure allows it to act as an intermediate in the development of advanced materials with tailored properties for specific applications.