Primarily used in the production of polymers and resins, this chemical serves as a key monomer in the synthesis of specialty plastics. It is also employed in the manufacture of adhesives and coatings, where its properties enhance durability and resistance to environmental factors. Additionally, it finds application in the creation of synthetic rubbers, contributing to improved elasticity and strength. In the field of organic synthesis, it acts as an intermediate for producing various fine chemicals and pharmaceuticals. Its role in industrial processes underscores its importance in advancing material science and chemical manufacturing.