Used as a key intermediate in organic synthesis, particularly in the preparation of cyclic polymers and specialty resins. Its bis-tosylate functionality allows for efficient nucleophilic substitution reactions, making it valuable in the construction of complex molecular architectures. Commonly employed in the development of high-performance materials, including heat-resistant coatings and engineering plastics. Also utilized in pharmaceutical research for building rigid spacers in drug design due to its well-defined cyclic structure and functional reactivity.