Used primarily in the synthesis of advanced materials, it serves as a key intermediate in the production of liquid crystal polymers (LCPs) and high-performance plastics. Its incorporation enhances thermal stability and mechanical strength, making it valuable in electronics, automotive components, and aerospace applications. Additionally, it is utilized in organic synthesis for creating dyes, pigments, and pharmaceutical compounds due to its reactivity and structural properties. Its role in developing specialty chemicals for coatings and adhesives further highlights its versatility in industrial applications.