Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of specialty chemicals. Its structure is particularly valuable in the development of advanced polymers and resins, where it contributes to enhanced thermal stability and mechanical properties. Additionally, it finds application in the pharmaceutical industry, aiding in the synthesis of complex molecules with potential therapeutic benefits. Its versatility also extends to the field of material science, where it is utilized in the creation of novel coatings and adhesives with improved performance characteristics.