Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of high-performance polymers and resins. Its structure allows it to contribute to the development of materials with enhanced thermal stability and mechanical properties, making it valuable in industries such as aerospace and electronics. Additionally, it is utilized in the creation of specialty coatings that require durability and resistance to environmental factors. Its application extends to the pharmaceutical sector, where it serves as a building block for the synthesis of complex molecules, aiding in the development of new drugs.