This chemical is primarily utilized in the synthesis of polymers and resins, particularly in the production of coatings and adhesives. It serves as a key monomer in the creation of cross-linked polymers, which are valued for their durability and resistance to environmental factors. Additionally, it is employed in the development of specialty chemicals for the electronics industry, where it contributes to the formulation of photoresists and other materials used in semiconductor manufacturing. Its unique structure also makes it suitable for use in organic synthesis, where it acts as a building block for more complex molecules in pharmaceuticals and agrochemicals.