Primarily used as a reactive diluent in epoxy resin systems, it enhances the curing process and improves the mechanical properties of the final product. It is also employed as a solvent in various industrial applications due to its ability to dissolve a wide range of organic compounds. In the field of polymer chemistry, it serves as a monomer for producing specialized polymers with unique thermal and chemical resistance properties. Additionally, it finds use in the synthesis of certain pharmaceuticals, where it acts as an intermediate in the creation of active pharmaceutical ingredients (APIs). Its stability and reactivity make it a valuable component in high-performance coatings and adhesives, contributing to durability and adhesion strength.