This chemical is primarily used in the synthesis of various organic compounds, particularly in the production of specialty polymers and resins. Its epoxy group makes it a valuable intermediate in creating cross-linked materials, which are essential in coatings, adhesives, and composites. Additionally, it serves as a building block in the development of pharmaceutical compounds and fine chemicals, where its reactive structure allows for the introduction of functional groups. Its application in polymer chemistry is notable for enhancing material properties such as durability, flexibility, and chemical resistance.