This chemical is primarily used in the production of polymers and resins, where it acts as a monomer. It is also employed in the synthesis of various dyes and pigments, particularly in the textile industry, to create vibrant and long-lasting colors. Additionally, it serves as an intermediate in the manufacture of pharmaceuticals, contributing to the development of specific active compounds. In the field of adhesives and coatings, it enhances performance and durability. Its versatility makes it valuable in industrial and chemical manufacturing processes.