Used primarily in the synthesis of advanced materials, this compound serves as a key intermediate in the production of high-performance polymers and resins. Its unique structure allows it to contribute to the development of thermally stable and chemically resistant materials, which are essential in industries requiring durable coatings and adhesives. Additionally, it plays a role in the creation of specialty chemicals used in electronics, where its properties help enhance the performance of components like semiconductors and insulating materials. The compound is also explored in pharmaceutical research for its potential use in drug development, particularly in designing molecules with specific biological activities.