Used primarily in the production of polymers and copolymers, it serves as a key intermediate in the synthesis of specialty plastics and resins. It is widely applied in the manufacture of adhesives, coatings, and dental materials due to its ability to form strong, durable bonds. Additionally, it is utilized in the creation of optical lenses and contact lenses, where its properties enhance clarity and resistance to scratching. In the pharmaceutical industry, it is employed to modify drug delivery systems, improving the stability and release of active ingredients. Its reactivity also makes it valuable in the production of crosslinking agents for various industrial applications.