This chemical is primarily used in the production of specialized polymers and resins, which are essential in creating high-performance coatings for industrial equipment. These coatings provide excellent resistance to corrosion, wear, and extreme temperatures, making them ideal for use in harsh environments such as oil refineries, chemical plants, and marine applications. Additionally, it serves as a key intermediate in the synthesis of certain pharmaceuticals, particularly those targeting cardiovascular and neurological conditions. Its role in these processes ensures the development of effective and stable therapeutic compounds. Furthermore, it is utilized in the formulation of advanced adhesives and sealants, offering superior bonding strength and durability for construction and automotive industries.