Used primarily in organic synthesis, this compound serves as a key intermediate in the production of specialty chemicals and polymers. Its unique structure makes it valuable in the development of high-performance materials, including coatings and adhesives, where stability and durability are essential. Additionally, it finds application in the synthesis of pharmaceutical compounds, contributing to the creation of active ingredients with specific functional properties. Its role in advanced material science also extends to the production of liquid crystals and other optoelectronic materials.