Used primarily as a versatile intermediate in organic synthesis, it plays a crucial role in the production of pharmaceuticals, agrochemicals, and specialty chemicals. Its bifunctional nature allows it to act as a building block for constructing complex molecules, particularly in the synthesis of heterocyclic compounds. Additionally, it is employed in the preparation of polymers and resins, where it contributes to enhancing material properties such as flexibility and durability. In the field of coatings and adhesives, it serves as a cross-linking agent, improving the performance and stability of the final product. Its application also extends to the development of UV-curable materials, where it aids in creating efficient and environmentally friendly formulations.