Used primarily in the synthesis of liquid crystal polymers, it acts as a key intermediate in creating materials with high thermal stability and mechanical strength. Its hydroxyethoxy group enhances solubility and reactivity, making it valuable in producing advanced polymers for displays and optical devices. Additionally, it finds application in the development of UV-curable coatings, where it contributes to improved adhesion and durability on various substrates. Its role in organic synthesis also extends to pharmaceuticals, where it serves as a building block for drug molecules with specific functional properties.