Used in the synthesis of polymers and resins, it acts as a monomer to enhance flexibility and durability in the final product. It is also employed in the production of adhesives and coatings, providing improved adhesion and resistance to environmental factors. In pharmaceuticals, it serves as an intermediate in the development of certain drugs, contributing to their stability and efficacy. Additionally, it is utilized in agricultural chemicals to improve the effectiveness of formulations used for crop protection. Its versatile properties make it valuable in various industrial applications.