This chemical is primarily utilized in the synthesis of advanced polymers and resins. Its unique structure makes it a valuable monomer in the production of high-performance materials, particularly in the development of specialty coatings and adhesives. The compound is also employed in the creation of cross-linked polymers, which are essential in applications requiring thermal stability and mechanical strength. Additionally, it serves as a key intermediate in organic synthesis, contributing to the production of complex molecules used in pharmaceuticals and agrochemicals. Its reactivity and functional groups enable it to participate in various chemical reactions, making it versatile in industrial and research settings.