This chemical is primarily used as a key intermediate in the synthesis of various polymers and resins. It plays a significant role in the production of epoxy resins, which are widely utilized in coatings, adhesives, and composite materials due to their excellent mechanical properties and chemical resistance. Additionally, it is employed in the creation of flame-retardant materials, enhancing the safety and durability of products in industries such as electronics and construction. Its ability to act as a cross-linking agent also makes it valuable in the formulation of high-performance plastics and elastomers, contributing to improved thermal stability and strength in end-use applications.