Used primarily in the synthesis of specialty polymers, this compound serves as a monomer in the production of high-performance materials. Its incorporation into polymer chains enhances thermal stability and chemical resistance, making it valuable in coatings and adhesives. Additionally, it is employed in the development of advanced photoresists for semiconductor manufacturing, where its properties contribute to improved resolution and durability. The compound also finds application in organic synthesis as a building block for complex molecules, particularly in the pharmaceutical industry. Its unique structure allows for the creation of novel compounds with potential biological activity.