Primarily used in the production of polymers and resins, this chemical serves as a crosslinking agent, enhancing the durability and stability of materials. It is also employed in the synthesis of specialty chemicals, particularly in the creation of adhesives and coatings, where it improves bonding strength and resistance to environmental factors. Additionally, it finds application in the pharmaceutical industry as an intermediate in the development of certain active compounds. Its reactivity makes it valuable in organic synthesis for constructing complex molecular structures.