This chemical is primarily used as a stabilizer and intermediate in the synthesis of various polymers and resins. It plays a significant role in enhancing the durability and performance of materials, particularly in the production of coatings and adhesives. Additionally, it is utilized in the formulation of certain specialty chemicals that require controlled release or specific reactivity properties. Its unique structure makes it valuable in creating cross-linked polymers, which are essential in industries such as automotive, construction, and electronics for producing robust and long-lasting materials.