This chemical is primarily used in the synthesis of specialized polymers and coatings, where it acts as a reactive intermediate. Its structure allows it to participate in cross-linking reactions, enhancing the durability and performance of the final product. It is also employed in the production of adhesives and sealants, contributing to their flexibility and adhesion properties. Additionally, it finds application in the pharmaceutical industry as a building block for the development of certain active pharmaceutical ingredients (APIs), particularly those requiring specific functional groups for biological activity. Its versatility makes it valuable in research and development for creating novel materials with tailored properties.