Used primarily as an intermediate in the production of high-performance polymers, particularly polyethers and polyesters. It is also employed in the synthesis of specialty resins that offer excellent thermal stability and chemical resistance, making them suitable for coatings, adhesives, and electronic materials. Additionally, it finds application in the development of flame retardants and as a building block in the creation of advanced materials for the automotive and aerospace industries. Its versatility and stability make it a valuable component in various industrial processes.