Primarily used in the production of high-performance polymers and resins, this compound serves as a key intermediate in the synthesis of polycarbonates. These polycarbonates are widely utilized in the manufacturing of durable, transparent materials such as eyewear lenses, automotive components, and electronic device housings. Additionally, it finds application in the development of coatings and adhesives, providing enhanced durability and resistance to environmental factors. Its role in creating flame-retardant materials is also noteworthy, making it valuable in safety-critical applications like construction and transportation.