This chemical is primarily utilized in the synthesis of advanced polymers and high-performance materials. It serves as a key building block in the production of polycarbonates and epoxy resins, which are known for their exceptional thermal stability and mechanical strength. These materials are widely used in the electronics industry for manufacturing components such as circuit boards and insulators. Additionally, it finds application in the development of optical materials, including lenses and coatings, due to its ability to enhance transparency and refractive properties. In the field of organic synthesis, it is employed as an intermediate for creating complex molecules with potential pharmaceutical applications. Its unique structure also makes it suitable for research in supramolecular chemistry, where it aids in the design of novel molecular assemblies and frameworks.