Used primarily in organic synthesis, it serves as a versatile intermediate for creating various compounds. It is particularly valuable in the production of polymers and resins, where it acts as a monomer or cross-linking agent. Additionally, it is utilized in the manufacture of specialty chemicals, including adhesives, coatings, and sealants, due to its ability to enhance flexibility and durability. In the pharmaceutical industry, it is employed as a building block for synthesizing active pharmaceutical ingredients (APIs). Its reactivity also makes it useful in research and development for exploring new chemical reactions and pathways.