This chemical is primarily used in the synthesis of specialized polymers and resins, where it acts as a key building block. It is particularly valuable in the production of polyurethane foams, coatings, and adhesives, offering enhanced durability and resistance to environmental factors. Additionally, it serves as an intermediate in the manufacture of agrochemicals and pharmaceuticals, contributing to the development of compounds with specific biological activities. Its reactivity with amines and alcohols makes it a versatile agent in organic synthesis, enabling the creation of tailored materials for industrial applications.