Primarily used in the synthesis of polymers and resins, this compound acts as a cross-linking agent, enhancing the mechanical and thermal properties of the final product. It is also employed in the production of specialty coatings and adhesives, where it improves durability and resistance to environmental factors. Additionally, it finds application in the pharmaceutical industry as an intermediate in the synthesis of certain drugs, contributing to the development of more effective medications. Its role in organic synthesis is crucial for creating complex molecules with specific functional properties.