This chemical is primarily used as an intermediate in the synthesis of various polymers and specialty chemicals. It plays a crucial role in the production of high-performance polyesters and polyamides, which are utilized in industries such as automotive, electronics, and textiles. Its structure allows it to contribute to the development of materials with enhanced thermal stability, mechanical strength, and chemical resistance. Additionally, it is employed in the creation of lubricants and plasticizers, improving the flexibility and durability of end products. Its applications extend to the pharmaceutical sector, where it serves as a building block for certain active pharmaceutical ingredients (APIs).