Used primarily as an intermediate in the production of polyester resins and fibers, this compound plays a crucial role in enhancing the durability and flexibility of materials. It is also employed in the synthesis of coatings and adhesives, where it contributes to improved adhesion and resistance to environmental factors. Additionally, it finds application in the manufacturing of specialty plastics, offering enhanced thermal stability and mechanical strength. Its versatility makes it valuable in industries ranging from textiles to packaging.