Used primarily as an intermediate in organic synthesis, it plays a key role in the production of various chemicals, including pharmaceuticals and agrochemicals. Its application extends to the manufacturing of polymers and resins, where it acts as a cross-linking agent to enhance material properties. Additionally, it serves as a solvent in specialized industrial processes, particularly in the formulation of coatings and adhesives. Its reactivity with other compounds makes it valuable in research and development for creating new chemical entities.