This chemical is primarily utilized in the field of polymer chemistry, where it serves as a key monomer in the synthesis of specialized polymers. Its unique structure allows for the creation of high-performance materials with enhanced thermal stability and mechanical properties. These polymers are often employed in advanced engineering applications, such as aerospace components, automotive parts, and electronic devices, where durability and resistance to harsh conditions are critical. Additionally, it is used in the development of adhesives and coatings that require strong bonding and resistance to environmental degradation. Its role in producing optically active polymers also makes it valuable in the field of optoelectronics, contributing to the manufacture of lenses, displays, and other optical components.