This chemical is primarily utilized in the synthesis of advanced polymers and resins, where it acts as a key monomer. Its structure allows it to contribute to the development of high-performance materials with enhanced thermal stability and mechanical strength. It is also employed in the production of specialty coatings and adhesives, offering improved durability and resistance to environmental factors. Additionally, it finds use in the pharmaceutical industry as an intermediate in the synthesis of certain drugs, particularly those requiring complex organic frameworks. Its ability to form stable bonds makes it valuable in creating compounds with specific functional properties.