Used primarily in the production of polymers and copolymers, it enhances the properties of materials, making them more durable and resistant to chemicals. It is also employed in the synthesis of specialty adhesives and coatings, providing improved adhesion and stability. Additionally, it serves as an intermediate in the manufacture of pharmaceuticals and agrochemicals, contributing to the development of active ingredients. Its incorporation into resins and plastics improves their mechanical strength and thermal stability, making them suitable for various industrial applications.